LIC Housing Finance has reported results for second quarter ended September 30, 2018.
The company has reported 11.54% rise in its net profit at Rs 573.16 crore for the quarter under review as compared to Rs 513.88 crore for the same quarter in the previous year. Total income of the company increased by 11.79% at Rs 4,202.60 crore for Q2FY19 as compared Rs 3,759.24 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.
