LIC Housing Finance net profit up 7% at Rs407 crore - News Summed Up

LIC Housing Finance net profit up 7% at Rs407 crore


The company had reported a net profit of Rs.382.13 crore in the same period last year. It disbursed Rs.7,064 crore in the individual loan segment, while in project loan segment disbursement was Rs.478 crore. The individual loan portfolio stood at Rs.1,23,681 crore as against Rs.1,07,704 crore. Developer loan portfolio stood at Rs.3,756 crore as against Rs.2,708 crore. Net interest margins improved to 2.61% from 2.41% in the same period last year, while total income was Rs.3,380 crore as against Rs.2,965 crore during the same period previous yearMumbai: Housing finance company LIC Housing Finance on Friday reported a marginal 7% growth in net profit at Rs.407.84 crore in the quarter ended June due to higher provisioning.


Source: Mint July 15, 2016 17:15 UTC



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