Money & Banking

LIC Housing Finance Q3 net up 5.52%

Our Bureau Mumbai | Updated on January 24, 2018 Published on January 14, 2015

LIC Housing Finance has posted a 5.52 per cent growth in its third quarter net profit as the company disbursed more loans to individuals.

In the October to December period, the company posted a net profit of Rs 344 crore against a net profit of Rs 327 crore, a year ago.

Also, the company’s net profit was affected by deferred tax liability on special reserve by Rs 34 crore.

Shares of the Mumbai-based arm of housing finance major Life Insurance Corporation were trading 1.74 per cent down at Rs 474.65 per share on the BSE.

Published on January 14, 2015
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