 "LIC, Life Insurance Corporation of India")
LIC Housing Finance Ltd's profit before tax (PBT) fell by 13 per cent to Rs 859.59 crore in the third quarter ended December 2019 (Q3Fy20) on sharp rise in provisions for stressed loans.
It had posted a PBT of Rs 745.32 crore in the third quarter ended December 2018 (Q3Fy19).
Its stock closed 4.05 per cent lower at Rs 440.15 per share on BSE.
Net profit for reporting quarter was almost flat at Rs 597.53 crore compared with Rs 596.31 crore in Q3Fy19.
The provisions for expected credit loss stood at Rs 2,584.72 crore as on December 31, 2019 as
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