LIC Housing Fin Q2 PAT up 12% to Rs 5.73 bn, loan portfolio up 10%

The company recorded a strong growth in the affordable segment both in value and volume terms and continues to enjoy comfortable liquidity position

LIC Housing Finance has posted a profit-after-tax (PAT) of Rs 5.73 billion for the quarter ended September 30, registering a growth of 12 per cent as against a PAT of Rs 5.13 billion during the same period of the previous fiscal year.

Total income has risen by 12 per cent for the housing finance company, from Rs 38 billion in Q2 FY2018 to Rs 42 billion at the end of Q2 FY2019. 

At the end of Q2 FY2019, the outstanding loan portfolio grew to Rs 1,760 billion from Rs 1,514.2 billion at the end of Q2 FY2018. The loan portfolio