LIC Housing Finance Q3 profit up 38% at Rs 327 cr

Net profit was Rs 236 crore for the October- December quarter of 2012-13 fiscal

LIC Housing Finance, a mortgage subsidiary of LIC, today reported 38 per cent increase in net profit at Rs 326.59 crore for the third quarter ended December 31, 2013-14 fiscal.

The net profit was Rs 236.25 crore for the October- December quarter of 2012-13 fiscal, LIC Housing Finance said in a statement.

The Q3, 2013-14 income from operations increased to Rs 2,343 crore, from Rs 1,935 crore in the year-ago period.

For the first nine months of the current fiscal, the housing finance company clocked profit growth of 34 per cent at Rs 947.16 crore, from Rs 707.06 crore in the same period of the previous fiscal.

Its total income was Rs 6,857 crore in the first three quarters, compared to Rs 5,584 crore in the same period last financial year.