LIC Housing Finance Q4 standalone net rises 6% to ₹1,180 cr.
The Hindu
Dividend ₹8.50 per share
LIC Housing Finance Ltd. (LIC HFL) reported standalone net profit for the quarter ended March rose 6% year-on-year to ₹1,180 crore.
Revenue from operations grew 21% to ₹6,415 crore. Net interest income rose 22% to ₹1,990 crore and net interest margin stood at 2.93% against 2.64%, the lender said in a statement.
Total disbursements declined to ₹16,027 crore from ₹19,315 crore. Out of this, disbursements in individual home loans were ₹12,406 crore and project loans were ₹1,554 crore.
The board recommended a dividend of ₹8.50 per share.
“We have witnessed a steady growth in our outstanding loan portfolio as well as in the disbursements numbers during the last year. Asset quality has also shown stability with further improvement,” said MD & CEO Y. Viswanatha Gowd.
During FY24, the company plans to open new branches, create clusters for better turnaround time and implement SAP.
Just nine Fugitive Economic Offenders (FEOs) owed Indian banks over ₹58,000 crore in principal and interest. To date, banks have recovered just over ₹19,000 crore — roughly 33% of the total dues.
Commerce Minister Piyush Goyal urges Indian businesses to seize opportunities in Russia's market, addressing talent shortages and trade demands.
Premiumisation is driving the growth in beauty and personal care industry in India and this segment is growing faster than the products made for the masses, industry executives said at Cosmoprof India 2025, a beauty & personal care industry event currently underway in Mumbai.
Scaling Artificial Intelligence(AI) at the speed at which consultants project is not possible by the laws of physics and may not be environmentally sustainable, said Tanvir Khan, who is the Executive Vice President and Chief Operating Officer of NTT DATA North America, part of the Japanese technology services and data centre company NTT Data, in an interview with The Hindu.
The Rupee appreciated by 19 paise to close at 89.96 against the U.S. dollar amid weak dollar index support.
India aims to expand its tea exports to China, highlighting diverse varieties like Darjeeling and Masala at a recent buyer-seller meet.
Stock markets rebound after four days of decline as Sensex rises 158 points, driven by tech and IT shares.
India reduces Russian oil imports by 38% in October 2025, marking the sharpest decline in value and volume yet.
Suzlon announces three new AI-enabled smart blade factories, expanding its manufacturing footprint to 20 facilities in India.
Odisha Government terminates Silicon Tech Lab's empanelment for involvement in a recruitment scam and service agreement violations.
Worli, Mumbai, dominates India’s ultra-luxury apartment market, accounting for 40% of transactions worth ₹5,500 crore in two years.
IndiGo faces disruptions due to a hiring freeze, prompting pilots' body to urge regulatory intervention for safe operations.
Nvidia CEO Jensen Huang met separately with U.S. President Donald Trump and Republican senators Wednesday