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LIC Housing Finance, a subsidiary of LIC, today posted 36% increase in net profit at Rs 310.50 crore for the first quarter ended June 30, 2013.
The company had posted net profit of Rs 227.75 crore in the April-June quarter of 2012-13 fiscal, LIC Housing Finance said in a filing on the BSE.
The company's Q1, 2013-14, income from operations rose by 23% to Rs 2,149 crore, from Rs 1,767.3 crore in the year-ago period, it said.
The net interest margin of improved to 2.30%, as against 2.18% for the quarter ended June 2012.
Gross NPAs in the individual segment were 0.51% as on June 30, 2013 as against 0.74% as on June 30, 2012.
