LIC Housing Finance Q4 net profit zooms 180.42% at Rs 1118.64 cr
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The company reported standalone net profit of Rs 1,118.64 crore for the quarter ended March 31, 2022 as compared to Rs 398.92 crore in the same period last year, registering a year-on-year growth of 180.42 per cent. Net revenue of the company rose moderately by 6.68 per cent at Rs 5,299.66 crore in January-March quarter of this fiscal as against Rs 4,967.69 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 64.53 per cent to Rs 428.21 crore from Rs 1,207.24 crore in year ago period. Other Income grew by 368.98 per cent at Rs 8.93 crore versus (Mar'21 Rs -3.32 crore). Operating Profit surged by 29.54 per cent to Rs 4,871.45 crore as against Rs 3,760.45 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 21.43 per cent in March quarter. Interest grew by 4.68 per cent y-o-y to Rs 3,551.76 crore, while Taxation increased by 517.24 per cent at Rs 195.77 crore (Mar'21 Rs -46.92 crore).
