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LIC Housing Fin Q2 net profit grows 12% YoY

LIC Housing Finance reported a 12% year-on-year increase in consolidated net profit to ₹1,507 crore for the September quarter from ₹1,349 crore a year earlier, aided by a reversal of impairment charges and improved asset quality. Total income rose 1.5% to ₹7,194 crore from ₹7,090 crore, while interest income increased 1% to ₹7,122 crore. Finance costs edged up to ₹5,023 crore from ₹4,995 crore.The housing financier reported a ₹93 crore reversal of impairment on financial instruments, against a …

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Economic TimesLean R·1h ago
LIC Housing Fin Q2 net profit grows 12% YoY
LIC Housing Finance reported a 12% year-on-year increase in consolidated net profit to ₹1,507 crore for the September quarter from ₹1,349 crore a year earlier, aided by a reversal of impairment charges and improved asset quality. Total income rose 1.5% to ₹7,194 crore from ₹7,090 crore, while interest income increased 1% to ₹7,122 crore. Finance costs edged up to ₹5,023 crore from ₹4,995 crore.The housing financier reported a ₹93 crore reversal of impairment on financial instruments, against a …
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LIC Housing Fin Q2 net profit grows 12% YoY

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LIC Housing Fin Q2 net profit grows 12% YoY

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