LIC Housing Finance today posted a 11% decline in net profit to Rs 227.74 crore for the first quarter ended June 30, 2012.
The company had posted a net profit of Rs 256.5 crore in the same quarter of the previous fiscal, LIC Housing Finance said in a filing to the BSE.
During the three-month period ended June 30, the total income of the company increased by 25% to Rs 1,767.3 crore from Rs 1,418.1 crore in the same period of the last fiscal, it said.
The net interest margin of the company declined to 2.18% against 2.44% for the quarter ended March 2012.
