LIC Housing Finance today posted a 21% jump in net profit at Rs 256.5 crore for the quarter ended June 30.
The company had posted a net profit of Rs 212.02 crore for the corresponding quarter of the previous fiscal, LIC Housing Finance said in a filing to the Bombay Stock Exchange.
During the three months ending June 30, 2011, the total income of the company increased by 40% to Rs 1,418 crore from Rs 1,015 crore in the same period of the last fiscal, it said.
However, the Net Interest Margin of the company stood at 2.78% as against 3.01% for the quarter ended June last year.
Outstanding mortgage portfolio of the company registered growth of 32% at Rs 52,876 crore.