LIC Housing Finance today reported a 19.4% decline in net profit at Rs 253.60 crore for the fourth quarter ended March 31.
The company had posted a net profit of Rs 314.77 crore in the January-March quarter of 2010-11.
Total income of the housing finance major rose by 21.33% to Rs 1,689 crore from Rs 1,392 crore in the year-ago period, the company said in a statement.
For the year ended March, 2012, the company posted a fall of 6.18% in net profit to Rs 914.20 crore from Rs 974.49 crore in 2010-11, it said.
Total income during the fiscal rose to Rs 6,215 crore from Rs 4,869 crore in the previous financial year, a growth of 27.64%.
During the January-March quarter, individual loan disbursements by the company rose by 21.64% to Rs 6,345 crore from Rs 5,216 crore in the year-ago period, it said.
During fiscal 2011-12, individual loan disbursements rose by 17.51% to Rs 19,118 crore as against Rs 16,268 crore in 2010-11, it added.
