GIC Housing Finance standalone net profit declines 23.21% in the March 2019 quarter

Sales rise 10.60% to Rs 323.49 crore

Net profit of GIC Housing Finance declined 23.21% to Rs 50.99 crore in the quarter ended March 2019 as against Rs 66.40 crore during the previous quarter ended March 2018. Sales rose 10.60% to Rs 323.49 crore in the quarter ended March 2019 as against Rs 292.48 crore during the previous quarter ended March 2018.

For the full year,net profit declined 16.45% to Rs 171.81 crore in the year ended March 2019 as against Rs 205.64 crore during the previous year ended March 2018. Sales rose 10.37% to Rs 1224.78 crore in the year ended March 2019 as against Rs 1109.74 crore during the previous year ended March 2018.

ParticularsQuarter EndedYear EndedMar. 2019Mar. 2018% Var.Mar. 2019Mar. 2018% Var.Sales323.49292.48 11 1224.781109.74 10 OPM %91.1591.75 -90.6488.81 - PBDT65.8982.39 -20 247.78274.93 -10 PBT65.6682.22 -20 247.06274.29 -10 NP50.9966.40 -23 171.81205.64 -16

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