LIC Housing Finance Ltd: Q1FY18 Results
DSIJ Intelligence / 28 Jul 2017
The company posted NII de-growth of 12.7% QoQ to Rs 936.95 crore for Q1FY18. Its NII for quarter ended March 31 2017 was Rs. 1072.95 crore.
LIC Housing Finance Ltd reported its standalone financial results for the quarter ended June 30, 2017.
The company posted NII de-growth of 12.7% QoQ to Rs 936.95 crore for Q1FY18. Its NII for quarter ended March 31 2017 was Rs. 1072.95 crore.
The company's net profit for the quarter declined by 11.2% QoQ to Rs 470.06 crore.
The company increased provisions by 17% from Rs 89.29 crore to Rs 104.46 crore QoQ.
LIC Housing Finance Ltd is engaged in providing long-term finance to individuals on existing property or purchase and construction of new property. The company also provides long term finance to persons engaged in the business of construction and sale of houses or flats for residential purpose.
The company's stock opened at Rs. 740 and closed at Rs. 720.9 after touching intra-day high of Rs 754.55.
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