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LIC Housing Finance net profit down 1.13% in Q2

LIC Housing Finance net profit down 1.13% in Q2New Delhi, Oct 30 (IANS) LIC Housing Finance Ltd on Monday reported a 1.13 per cent decrease in its net profit at Rs 489.12 crore for the quarter ended September 30, 2017 as compared to Rs 494.76 crore in the year-ago period.

Its revenue from operations, in the quarter under review, was at Rs 3,687.41 crore, up by 6.68 per cent from Rs 3,456.45 crore in the year ago period.

The company, which has a main business of providing loans for purchase or construction of residential houses, reported its total expenses during the quarter stood at Rs 2,968.56 crore, up by 8.7 per cent from Rs 2,729.26 crore in the corresponding period last year.

 

Shares of the company, on Monday, closed at Rs 619.30, up by 0.79 per cent from the previous close on the BSE.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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LIC Housing Finance net profit down 1.13% in Q2

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.

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