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LIC Housing Finance reported a net profit for the third quarter that was shade lower compared to the same period of previous year.
LIC Housing's net profit was at Rs 491 crore in the third quarter ended December 31, 2017 against Rs 499 crore in the year ago quarter.
Revenue from operations increased by 6 per cent year-on-year (yoy) at Rs 3,738 crore. Other income was up 38 per cent yoy at Rs 29 crore.
Total expenses, including finance cost, employee benefit expense, and provisions/ write offs, were up 8 per cent at Rs 3,011 crore.
The housing finance company's shares closed at Rs 557.25, down 2.19 per cent from its previous close on the BSE.
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