LIC Housing Finance net profit rises 6% to Rs 767 crore in third quarter

LIC Housing Finance’s (LIC HFC) net profit rose 6 per cent year-on-year (YoY) to Rs 767.33 crore in the third quarter. 

The mortgage finance company’s net interest income (NII) rose 14 per cent to Rs 1,455 crore in Q3FY22 against Rs 1,281 crore in the year-ago quarter.

The total outstanding portfolio grew 11 per cent to Rs 2,43,412 crore in the December 2021 from Rs 2,20,197 crore a year ago. 

Out of total portfolio, the individual loan portfolio exp-anded 12 per cent to Rs 229,321 crore in December 2021 from Rs 204,444 crore.