GIC Housing Finance today posted a drop of 33 per cent in net profit at Rs 10 crore for the quarter ended December 31, 2008 as against Rs 15 crore posted in the same quarter a year ago.
Operating income for the quarter, however, grew by 17.70 per cent at Rs 79 crore as compared to Rs 67 crore recorded for the corresponding quarter of the previous year. Interest paid for quarter by the company surged to Rs 56.91 crore, a jump of 29 per cent over the same period a year ago.
