LIC Housing Q2 results: Profit up 3% at Rs 790 crore – ET BFSI

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LIC Housing Finance on Wednesday reported about 3 per cent rise in net profit at Rs 789.67 crore for September quarter of this fiscal year. The housing financier had posted a net profit of Rs 767.95 crore in the same quarter a year ago. In June quarter, the profit was Rs 824.08 crore.

Total income grew marginally to Rs 4,987.64 crore in July-September 2020-21 as against Rs 4,980.80 crore in the year-ago period, LIC Housing Finance said in a regulatory filing.

The company, promoted by the country’s largest insurer LIC, is mainly engaged in providing loans for purchase or construction of residential houses.

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