LIC Housing Finance reports 10% rise in Q2 net profit

LIC Housing Finance has reported results for second quarter ended September 30, 2014.

The company has posted a rise of 10.08% in its net profit at Rs 341.35 crore for the quarter ended September 30, 2014 as compared to Rs 310.07 crore for the same quarter in the previous year. Total income has increased by 15.47% at Rs 2658.69 crore for quarter under review as compared to Rs 2302.41 crore for the quarter ended September 30, 2013.

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.