Money & Banking

GIC Housing Finance posts ₹25-cr Q1 profit

Our Bureau Mumbai | Updated on July 23, 2014 Published on July 23, 2014




The housing finance arm of re-insurer General Insurance Corp – GIC Housing Finance Limited – posted a net profit of ₹25 crore for the quarter ended June 30, 2014 compared to ₹24 crore, a year ago.

Total income during the quarter increased to ₹169 crore against ₹148 crore, a year ago.

The company had reported a net profit of ₹97.5 crore on an income of ₹624 crore in FY2014.

Shares of the company gained ₹2.2 (1.29 per cent), to end at ₹173.15 per share on the Bombay Stock Exchange.

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Published on July 23, 2014
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