LIC Housing Finance has reported results for second quarter ended September 30, 2016
The company has reported 20.16 % rise in its net profit at Rs 494.76 crore for Q2FY17 as compared to Rs 411.74 crore for the same quarter in the previous year. Total income of the company increased by 12.97 % at Rs 3489.91 crore for the quarter under review as compared to Rs 3089.36 crore for the corresponding quarter 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.
