LIC Housing Finance on Saturday reported a 16.70 percent growth in net profit at Rs 693.58 crore for the March quarter of 2018-19.

The housing finance company had posted a standalone net profit of Rs 594.34 crore for the corresponding period of 2017-18 fiscal.

Total income rose to Rs 4,655 crore during the fourth quarter, from Rs 3,887 crore in the same period of the previous fiscal, LIC Housing Finance said in a filing to the BSE.

For the full 2018-19 fiscal, the company reported a net profit of Rs 2,430.97 crore, up from Rs 2,002.50 crore in 2017-18.

The board of LIC Housing Finance has approved dividend at 380 percent or Rs 7.60 per equity share of Rs 2 each for the financial year 2018-19. The dividend will be paid on or after August 28, 2019, it added.