LIC Housing Finance This fall Outcomes: Internet revenue falls over 7% YoY to Rs 1,091 crore
LIC Housing Finance on Wednesday reported a 7.5% year-on-year fall in internet revenue to Rs 1,091 crore for the March quarter in opposition to Rs 1,180 crore within the year-ago interval.
Its gross revenue for the quarter stood a tad greater at Rs 1,476 crore in opposition to Rs 1,445 crore.
The lender’s complete earnings was 8% greater at Rs 6,937 crore in opposition to Rs 6,415 crore whereas complete bills rose about 10% at Rs 5,461 crore in opposition to Rs 4,970 crore.
The corporate’s board advisable a 450% dividend for FY24. In different phrases, shareholders would get Rs 9 per fairness share of Rs 2 every, topic to their approval.
Its promoter Life Insurance coverage Company of India holds 45.25% within the firm.Its share worth fell 0.5% to Rs 630.25 on the BSE whereas the Sensex was down by 0.17% or 130.65 factors to 72,968 on Wednesday. The corporate introduced its quarterly numbers after the market hours.
