LIC Housing Finance Ltd has posted a 17 per cent growth in its fourth quarter net profit at Rs 370 crore on the back of higher revenue from its lending activities.
During the January to March quarter of 2013, the company had posted a net profit of Rs 316 crore.
Revenues grew 19 per cent to Rs 2,407 crore.
The board has recommended a dividend of Rs 4.50 per share on face value of Rs 2 per share.
Shares of the Mumbai-based housing finance company were trading up 1.17 per cent at Rs 272.80 per share.