 "GIC Housing Fin tanks 13% after profit declines 70% YoY in June quarter")
Shares of GIC Housing Finance tanked 13 per cent intra-day to Rs 209 apiece, also its 52-week low, on the BSE on Wednesday after the company reported a 70 per cent year on year (YoY) decline in net profit at Rs 15 crore in April-June quarter (Q1FY20), due to lower income. The housing finance company had logged a profit of Rs 49 crore in the year ago quarter, the financials of the company showed.
Net interest income during the quarter under review declined 27 per cent at Rs 68 crore, as
Net interest income during the quarter under review declined 27 per cent at Rs 68 crore, as
