Weak Q3 for LIC Housing Finance, net profit down 1.35% Y-o-Y

Total Revenues increased to Rs 37.675 billion at the end of Q3 FY2018, a six per cent increase year-on-year, from Rs 35.487 billion in Q2 FY2019

Life Insurance Corporation Housing Finance Ltd (LIC HF) posted a 1.35 per cent decline in their net profit to Rs 4.91 billion for the quarter-ended December 2017, as compared to the same month a year prior. On a quarter to quarter basis, however net profit has risen by 0.39 per cent from 34.89 billion in the quarter ending September 2017. 

Total Revenues increased to Rs 37.675 billion at the end of Q3 FY2018, a six per cent increase year-on-year, from Rs 35.487 billion in Q2 FY2017.  

The company’s finance costs have increased by eight percent from Rs 25.9 billion in