L I C Housing Finance announced a steady growth in standalone net profit for the quarter ended March 2014. During the quarter, the profit of the company rose 17.04% to Rs 3,700.20 million from Rs 3,161.60 million in the same quarter last year.
Net sales for the quarter rose 18.91% to Rs 24,433.00 million, compared with Rs 20,547 million for the prior year period.
Earnings per share for the quarter stood at Rs 7.33, registering 16.91% growth over previous year period.
LIC Housing Finance, managing director & CEO, Sunita Sharma, said ''This was a year where the macros have been very challenging. In spite of the difficult environment we have delivered yet another year of strong performance in all the areas of operations- portfolio growth, margin expansion and continue to maintain industry best asset quality. We are stepping into our 25th year of operation and would like to make it memorable by achieving greater heights.''
| Quarterly Results - Standalone (Rs in mn) |
| As at | Mar - 14 | Mar - 13 | %Change |
| Net Sales | 24,433.00 | 20,547.00 | 18.91 |
| Net Profit | 3,700.20 | 3,161.60 | 17.04 |
| Basic EPS | 7.33 | 6.27 | 16.91 |
Shares of the company gained Rs 5.05, or 1.87%, to trade at Rs 274.50. The total volume of shares traded was 353,657 at the BSE (1.10 p.m., Monday).
