LIC Housing Finance reports 35% rise in Q1 consolidated net profit
25th Aug 2020

LIC Housing Finance has reported results for the first quarter ended June 30, 2020.

The company has reported a rise of 33.86% in its net profit at Rs 817.48 crore for the quarter under review as compared to net profit of Rs 610.68 crore for the same quarter in the previous year. Total income of the company increased by 3.54% at Rs 4977.49 crore for Q1FY21 as compared Rs 4807.21 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 35.34% rise in its net profit attributable to shareholders at Rs 824.00 crore for the quarter under review as compared to net profit of Rs 608.85 crore for the same quarter in the previous year. Total income of the company increased by 3.52% at Rs 4986.01 crore for Q1FY21 as compared Rs 4816.52 crore for the corresponding quarter previous year.