LIC takes the form of housing.
New Delhi:
Housing finance company Alik Housing Living Ltd. Its net profit on a standalone basis has increased by 5.51 percent to Rs 1,180.28 crore in the fourth quarter of the last financial year 2022-23 ended March. The company gave this information in a statement. Earlier, the company’s net profit in the same quarter of FY 2021-22 was Rs 1,118.64 crore.
read this also
LIC Housing Acquisition’s income grew 21.05 per cent to Rs 6,415.11 crore in the quarter ended March 2023, from Rs 5,299.66 crore in the year-ago quarter.
According to Conges, the company’s net profit for the entire financial year 2022-23 has increased by 26.40 percent to Rs 2,891.03 crore. In the previous financial year, it was Rs 2,287.28 crore.
In the financial year under review, the working income increased by 13.75 percent to Rs 22,656.95 crore, which was Rs 19,919.07 crore in the previous financial year 2021-22.
The company’s board of directors has a number of shares equivalent to 425 per cent (Rs 8.5 per share) of Rs 2 face value.