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LIC Housing Finance reports 68% fall in Q2 consolidated net profit

22 Oct 2021 Evaluate

LIC Housing Finance has reported results for second quarter ended September 30, 2021.

The company has reported 68.66% fall in its net profit at Rs 247.86 crore for the quarter under review as compared to net profit of Rs 790.90 crore for the same quarter in the previous year. Total income of the company decreased by 5.36% at Rs 4715 crore for Q2FY22 as compared Rs 4981.84 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 68.37% fall in its net profit attributable to owners of the company at Rs 249.74 crore for the quarter under review as against net profit of Rs 789.55 crore for the same quarter in the previous year. Total income of the company decreased by 5.31% at Rs 4722.93 crore for Q2FY22 as compared Rs 4987.64 crore for the corresponding quarter previous year.

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