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.