GIC Housing Finance turns black in Q1
12th Aug 2021

GIC Housing Finance has reported results for first quarter ended June 30, 2021.

The company has reported net profit at Rs 2.80 crore for the quarter under review as compared to net loss of Rs 55.71 crore for the same quarter in the previous year. However, total income of the company decreased by 10.64% at Rs 273.68 crore for Q1FY22 as compared Rs 306.27 crore for the corresponding quarter previous year.

GIC Housing Finance’s primary business is granting housing loans to individuals and to persons/entities engaged in construction of houses/flats for residential purposes.