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LIC Housing Finance slumps 7% after weak Q4 performance

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₹424.31 crore.At 12:30 pm, shares of LIC Housing Finance traded at ₹268.35, down 5.7% from its previous close, while the benchmark Sensex was up 0.6% at 34,951.22.Total income rose 5.1% year-on-year to ₹4,903.54 crore in Q4.

The board of the financier has recommended a dividend of ₹8 per equity share for FY20.Total disbursements stood at ₹11,325 crore in the last quarter compared with ₹17,242 crore in the year-ago period.

Of this, individual home loans were worth ₹8,877 crore and project loans accounted for ₹413 crore.Individual loan portfolio stood at ₹1.96 lakh crore, up 8% on year, while project loan portfolio grew ₹14,237 crore from ₹13,077 crore in the year-ago period.

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