LIC Housing Finance has reported results for first quarter ended June 30, 2015.
The company has reported 18.56% rise in its net profit at Rs 382.13 crore for the quarter ended June 30, 2015 as compared to Rs 322.31 crore for the same quarter in the previous year. The company’s total income has increased by 16.59% to Rs 2965.46 crore for the quarter under review from Rs 2543.59 crore for the corresponding quarter of the previous year.
LIC Housing Finance is one of the largest Housing Finance company in India. The main objective of the Company is providing long term finance to individuals for purchase or construction of house or flat for residential purpose / repair and renovation of existing flat / houses.
