LIC Housing Finance reports 4% rise in Q1 net profit

LIC Housing Finance has reported results for first quarter ended June 30, 2014.

The company’s net profit for the quarter rose by 3.80% at Rs 322.30 crore as compared to Rs 310.50 crore for the quarter ended June 30, 2013. Its total income has increased by 16.78% to Rs 2543.58 crore for the quarter under review from Rs 2177.93 crore for the corresponding quarter of the previous year.

LIC Housing Finance is the second largest housing finance player in India. It has one of the widest networks of over 205 offices across the country and representative offices at Dubai & Kuwait.