LIC Housing Finance Q3 profit rises 19% at Rs499 crore

Total income from operations rose 12.38% to Rs3527.93 crore in the third quarter from Rs3139.21 crore a year ago


According to a Bloomberg survey of 16 analysts, the company was expected to post a net profit of Rs501 crore for the quarter ended December. Photo: Mint
According to a Bloomberg survey of 16 analysts, the company was expected to post a net profit of Rs501 crore for the quarter ended December. Photo: Mint

Mumbai: Housing finance company LIC Housing Finance Ltd Monday said its third quarter net profit rose 19.18% from a year ago.

Net profit rose to Rs499.26 crore for the December quarter from Rs418.90 crore a year ago.

According to a Bloomberg survey of 16 analysts, the company was expected to post a net profit of Rs501 crore for the quarter ended December.

Total income from operations rose 12.38% to Rs3527.93 crore in the third quarter from Rs3139.21 crore a year ago.

At 2.52 pm, LIC Housing Finance was up 1.13% to Rs536.45 on the BSE, while the benchmark Sensex was up 0.25% to 27,306.42 points.

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