LIC Housing Finance has reported results for first quarter ended June 30, 2017.
The company has reported a rise of 15.26% in its net profit at Rs 470.06 crore for the quarter under review as compared to Rs 407.84 crore for the same quarter in the previous year. Total income of the company increased by 8.13% at Rs 3654.58 crore for Q1FY18 as compared Rs 3379.86 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.
