LIC Housing Finance Q3 profit up 38 pc at Rs 326.59 cr

LIC Housing Finance, a mortgage subsidiary of LIC, today reported 38 per cent increase in net profit at Rs 326.59 crore for the third quarter ended December 31, 2013-14 fiscal.

The net profit was Rs 236.25 crore for the October- December quarter of 2012-13 fiscal, LIC Housing Finance said in a statement.

The Q3, 2013-14 income from operations increased to Rs 2,343 crore, from Rs 1,935 crore in the year-ago period.

For the first nine months of the current fiscal, the housing finance company clocked profit growth of 34 per cent at Rs 947.16 crore, from Rs 707.06 crore in the same period of the previous fiscal.

Its total income was Rs 6,857 crore in the first three quarters, compared to Rs 5,584 crore in the same period last financial year.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The world is moving away from fast food like never before

    Despite spending $1.8 billion every year on worldwide advertising and promotion, McDonald’s sales are plummeting.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schoettli

It’s time for Japan to step out of its shell

The execution of a Japanese hostage by ISIS has sho­cked ...

Zehra Naqvi

The urge to tell stories

One wants to tell a story, like Scheherzade, in order ...

Bubbles Sabharwal

Truth about truth

The question to ponder is, “is it the truth because ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture