LIC Housing Finance consolidated net profit declines 9.16% in the March 2024 quarter

Sales rise 8.04% to Rs 6948.21 crore

Net profit of LIC Housing Finance declined 9.16% to Rs 1081.85 crore in the quarter ended March 2024 as against Rs 1190.89 crore during the previous quarter ended March 2023. Sales rose 8.04% to Rs 6948.21 crore in the quarter ended March 2024 as against Rs 6431.12 crore during the previous quarter ended March 2023.

For the full year,net profit rose 64.75% to Rs 4762.97 crore in the year ended March 2024 as against Rs 2891.00 crore during the previous year ended March 2023. Sales rose 20.09% to Rs 27276.97 crore in the year ended March 2024 as against Rs 22713.89 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales6948.216431.12 8 27276.9722713.89 20 OPM %88.4690.96 -89.8886.95 - PBDT1500.541472.18 2 6133.603629.81 69 PBT1482.181452.77 2 6064.373560.77 70 NP1081.851190.89 -9 4762.972891.00 65

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