LIC Housing Finance net profit down 1.13% in Q2

New 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.

--IANS
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