Home >companies >LIC Housing Finance Q2 net profit dips to Rs489 crore

New Delhi: LIC Housing Finance Ltd on Monday reported a marginal decline of 1.13% in its net profit at Rs489.12 crore for second quarter of the current fiscal.

Its net profit in the corresponding July-September quarter of the previous fiscal was at Rs494.76 crore. Total revenue was up 6.5% to Rs3,716.63 crore during the quarter from Rs3,489.91 crore in the year ago period, it said in a regulatory filing.

In revenue break-up, LIC Housing Finance’s income from operations was up marginally at Rs3,687.42 crore during the quarter from Rs3,456.45 crore a year ago.

Income from other sources fell to Rs29.21 crore as against Rs33.46 crore a year earlier. The company’s main business is to provide loans for purchase or construction of residential houses. Stock of the company closed 0.79% up at Rs619.30 apiece on the BSE on Monday.

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