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LIC Housing Finance Q1 net profit down 11% at Rs 228 cr

Press Trust of India/Mumbai 24 Jul 12 | 05:01 PM
 LIC Housing Finance Ltd
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BSE   31 Oct 14 | 03:57 PM

361.65  16.2 (4.69%)

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LIC Housing Finance today posted a 11% decline in net profit to Rs 227.74 crore for the first quarter ended June 30, 2012.

The company had posted a net profit of Rs 256.5 crore in the same quarter of the previous fiscal, LIC Housing Finance said in a filing to the BSE.

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During the three-month period ended June 30, the total income of the company increased by 25% to Rs 1,767.3 crore from Rs 1,418.1 crore in the same period of the last fiscal, it said.

The net interest margin of the company declined to 2.18% against 2.44% for the quarter ended March 2012.

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