LIC Housing Finance Q3 profit declines 37% on higher financing costs1 min read . Updated: 06 Feb 2023, 11:43 PM IST
- The mortgage lender’s finance costs rose 19.4%, accounting for 80% of total expenses, which increased 28.6% to Rs5,283 crore
NEW DELHI : LIC Housing Finance Ltd (LICHFL) on Monday reported a massive decline in its net profit for the December quarter of fiscal year 2023. Its net profit, hit by higher financing costs, fell 37% year-on-year basis to Rs480.30 crore in the third quarter from Rs767 crore a year ago.
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