Money & Banking

LIC Housing Fin net up 21% at Rs 256 cr

PTI Mumbai | Updated on July 20, 2011 Published on July 20, 2011

LIC Housing Finance has posted a 21 per cent jump in net profit at Rs 256.5 crore for the quarter ended June 30, 2011.

The company had posted a net profit of Rs 212.02 crore during the corresponding quarter of the previous fiscal, LIC Housing Finance said in a filing to the Bombay Stock Exchange.

During the three months ending June 30, 2011, the total income of the company increased by 40 per cent to Rs 1,418 crore from Rs 1,015 crore in the same period of the last fiscal, it said.

However, the Net Interest Margin stood at 2.78 per cent against 3.01 per cent. Outstanding mortgage portfolio of the company registered a growth of 32 per cent at Rs 52,876 crore.

Published on July 20, 2011

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