Financial Daily from THE HINDU group of publications
Monday, Dec 01, 2003
Financial Daily from THE HINDU group of publications Monday, Dec 01, 2003 |
|
|
|
|
|
Corporate Results
-
Housing Finance Money & Banking - Financial Performance LIC Housing Q2 profit rises 23 pc Our Bureau
Mumbai , Nov. 30 LIC Housing Finance has reported a 23-per cent increase in net profit for the quarter-ended September 30, 2003. Net profit for the quarter amounted to Rs 35.98 crore, as against the figure of Rs 29.23 crore in the same period last year. Income from operations increased 4.6 per cent to Rs 233.87 crore (Rs 223.68 crore). Other income rose more than 40 per cent to Rs 14.45 crore (Rs 10.31 crore). Interest expenses decreased for the quarter, year-on-year, to Rs 162.35 crore from Rs 180.45 crore. Other expenses rose to Rs 38.78 crore from Rs. 15.14 crore. Gross profit, after interest, depreciation and taxation stood at Rs 47.19 crore, up from Rs. 38.4 crore. Loans sanctioned stood at Rs 1,195 crore for the quarter (Rs 942.56 crore). For the half-year ended September 30, 2003, the company reported a net profit increase of 11.2 per cent, at Rs 69.93 crore. Total income for the period grew 6 per cent, to Rs 480 crore from Rs 453 crore. The half-year period has shown a 47 per cent increase in loans sanctioned, at Rs 2133.64 crore; and a 49 per cent increase in loans disbursed, at Rs 1,865.29 crore, said a news release from the company.
Article E-Mail :: Comment :: Syndication
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |
Copyright © 2003, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|