Residential buildings stand in Ahmedabad, Gujarat (Photographer: Dhiraj Singh/Bloomberg)
LIC Housing Finance Ltd., subsidiary of Life Insurance Corporation (LIC), posted a net profit of Rs 495 crore, a 20.2 percent growth in profits for the June-September quarter compared to the same quarter last year. It was higher than the Bloomberg consensus estimate of Rs 471 crore.
Key Highlights
- Net profit increased 20.2 percent to Rs 495 crore compared to Rs 471 crore in the same quarter last year.
- Total income saw a 12.79 percent rise to Rs 3,456 crore versus Rs 3,064 crore year-on-year.
- The EBITDA margin saw a 80 basis point growth year-on-year to 21.1 percent from 20.29 percent.
Shares of LIC Housing gave up early gains to trade flat at Rs 615.80 on the National Stock Exchange.
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