GIC Housing Finance Q4 profit up by 28%

Reporting a rise of 28% in net profit at Rs. 59.87 crores for Q4, the GIC Housing Finance made a net profit of Rs 46.61 crore in the January-March quarter of 2016-17. The total income increased to Rs 297 crore from Rs 266.63 crore in the year-ago period.

The loan portfolio increased to Rs 11,235.06 crore as on March 31, 2018 from Rs 9,276.89 crore by the end of 2016-17.

The total assets grew to Rs 11,354.68 crore by the end of 2017-18 from Rs 9,404.49 crore as on March 31, 2017.

The company’s board has recommended a dividend of Rs 5.50 per share for 2017-18.