LIC Housing Finance reports 22% rise in Q3 net profit

LIC Housing Finance has reported results for third quarter ended December 31, 2015.

The company has registered 21.65% rise in its net profit at Rs 418.90 crore for the quarter under review as compared to Rs 344.35 crore for the same quarter in the previous year. Total income of the company has increased 15.39% at Rs 3156.70 crore for Q3FY16 as compared Rs 2735.78 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.