LIC HOUSING FINANCE LIMITED
Article Abstract:
LIC Housing Finance Ltd (LHFL) recorded a 38.41 percent increase in net profit in 1997-98. Disbursals increased by 15 percent to Rs802.10 crore (R 739.66 crore in 1996-97). Loan sanctions totaled Rs872.53 crore (Rs788.41 crore). Its networth increased to Rs404.86 crore (Rs339.11 crore). Gross non performing assets (NPA) increased to 4.59 percent of loan portfolio, while net NPA declined from 3.66 percent to 3.62 percent. LHFL has declared a 25 percent dividend for its shareholders. The company achieved a capital adequacy of 11.61 percent in 1997-98. (gsh) ------------------------------------------------------------ Audited Financial Results of LIC Housing Finance Ltd (Rs in crore) ------------------------------------------------------------ Particulars 1997-98 1996-97 ------------------------------------------------------------ Operating Income 485.19 409.26 ------------------------------------------------------------ Other Income 0.40 0.27 ------------------------------------------------------------ Interest Expenditure 346.68 293.80 ------------------------------------------------------------ Other Expenditure 23.76 23.79 ------------------------------------------------------------ Gross Profit 115.15 91.94 ------------------------------------------------------------ Depreciation 0.92 0.81 ------------------------------------------------------------ Pre-Tax Profit 114.23 94.13 ------------------------------------------------------------ Taxation 26.50 27.75 ------------------------------------------------------------ Net Profit 87.73 63.38 ------------------------------------------------------------ Earning Per share (Rs) 11.69 8.44 ------------------------------------------------------------ Paid-up equity capital 74.99 74.99 ------------------------------------------------------------ Capital Reserve 334.15 269.14 ------------------------------------------------------------
Comment:
Records 38.41% increase in net profit in 1997-98, w/ disbursals increasing by 15% to Rs802.10 crore
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
THE INDUSTRIAL FINANCE CORPORATION OF INDIA LTD
Article Abstract:
The Industrial Finance Corporation of India Ltd has declared a dividend of 10.5 percent for the year ended March 31, 1998. (gsh) --------------------------------------------------------- Audited Financial Results: The Industrial Finance Corporation of India Ltd (Rs in crore) --------------------------------------------------------- Particulars 1997-98 1996-97 --------------------------------------------------------- Operating Income 2717.42 2568.46 --------------------------------------------------------- Other Income 16.58 13.94 --------------------------------------------------------- Interest 1956.51 1775.66 --------------------------------------------------------- Other Expenditure 246.99 282.93 --------------------------------------------------------- Gross Profit 530.50 523.81 --------------------------------------------------------- Depreciation 76.00 61.25 --------------------------------------------------------- Taxation 84.00 84.00 --------------------------------------------------------- Net Profit 370.50 378.56 --------------------------------------------------------- Paid-up equity capital 352.93 352.81 --------------------------------------------------------- Reserves 1243.95 1350.86 ---------------------------------------------------------
Comment:
Reports decrease in net profit from Rs370.50 crore in 1997-98, as against Rs378.56 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
2 FINANCE Cos MAKE OPEN OFFER FOR DELTA PAPER MILLS
Article Abstract:
Laila Credits Pvt Ltd (LCL) and Laila Finance Ltd (LFL) of Vijayawada have made an open offer to acquire shares in Delta Paper Mills Limited (DPML) of Andhra Pradesh. The open offer is aimed at strengthening LCL's and LFL's stake in DMPL to take over the management of DMPL. Both the companies have offered to buy 661,400 equity shares at a cost of Rs56.40 per share from the shareholders of DPML. DMPL has posted a net loss of Rs48.37 lakh on sales of Rs41.56 crore. (ag)
Comment:
Offers to buy 661,400 equity shares at Rs56.40 per share from shareholders of DPML
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: LIC HOUSING FIN REGISTERS 38% RISE IN NET PROFIT LIC HOUSING RECORDS HIGHER PROFIT IN H1. A REPORT CARD ON HOUSING FINANCE: LIC HOUSING FINANCE LIMITED
- Abstracts: OCL INDIA LIMITED PRIYADARSHINI CEMENT LIMITED
- Abstracts: ORIENTAL BANK OF COMMERCE. UNION BANK OF INDIA
- Abstracts: PHILLIPS CARBON BLACK LIMITED 10% SAFEGUARD DUTY ON CARBON BLACK IMPORTS. CABOT INDIA LIMITED