LIC Housing Finance announced that P Koteswara Rao as Additional Independent Director of the company for a period of 5 years with effect from 11 June 2018.

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Net profit of LIC Housing Finance rose 1.92% to Rs 539.33 crore in the quarter ended March 2018 as against Rs 529.19 crore during the previous quarter ended March 2017. Sales rose 7.08% to Rs 3900.95 crore in the quarter ended March 2018 as against Rs 3642.87 crore during the previous quarter ended March 2017.

For the full year,net profit rose 3.03% to Rs 1989.59 crore in the year ended March 2018 as against Rs 1931.05 crore during the previous year ended March 2017. Sales rose 6.95% to Rs 14959.66 crore in the year ended March 2018 as against Rs 13986.94 crore during the previous year ended March 2017.

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LIC Housing Finance announced that the Board of Directors of the Company at its meeting held on 23 April 2018, inter alia, have recommended the dividend of Rs.6.80 per equity share (i.e.340%), subject to the approval of the shareholders.

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LIC Housing Finance announced that dividend on equity shares shall be paid on or after 20 August 2018.

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