LIC Hsg Q4 net dips 72% to Rs 14.17 cr

(Rs crore)

  Year ended

31-03-04

31-03-05

Loans sanctioned

4669

5209

Loans disbursed

4104

4650

Interest income

911

978

Total income

985

1048

Profit before tax

188

204

Net profit

167

144

Dividend (%)

50

50

Earnings per share (Rs)

22.35

17.84

 The company sanctioned loans of Rs 5,209 crore in 2004-05 against Rs 4,669 crore last year. Loans disbursed as on March 31, 2005 stood at Rs 4,650 crore against Rs 4,104 crore.  Total interest income on housing loans for the year ended March 2005 was Rs 978 crore against Rs 911 crore in the last year, registering growth of 7.4 per cent. Interest expenses for the period was Rs 677 crore against Rs 610 crore in the previous year.  The gross and net non-performing assets, as per the 90 day accounting norm, stood at 4.43 per cent and 2.79 per cent, respectively.  During the year, the company issued five million GDSs, representing 11.77 per cent of the post-offer equity capital of the company, aggregating $29.85 million through the offering.  The GDSs are listed on the Luxembourg Stock exchange.