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LIC Housing Finance surges 11% as net profit in June quarter rises 35% YoY

Its profit before tax (PBT) rose 21 per cent year-on-year (YoY) to Rs 1,017.67 crore.

Housing finance, loans, home, NBFC, IBC, realty, real estate
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The company's total revenue from operations stood at Rs 5,011.50 crore, up 4 per cent against Rs 4,815.57 crore in the year-ago period.

SI Reporter New Delhi
Shares of LIC Housing Finance rallied nearly 11 per cent on the BSE on Tuesday, a day after the company reported a 35.34 per cent rise in its consolidated net profit at Rs Rs 824 crore for the quarter ended June 2020 (Q1FY21). 

The company had posted a profit of Rs 608.85 crore in the corresponding quarter of the previous fiscal. 

Its profit before tax (PBT) rose 21 per cent year-on-year (YoY) to Rs 1,017.67 crore. 

The company's total revenue from operations stood at Rs 5,011.50 crore, up 4 per cent against Rs 4,815.57 crore in the year-ago period. 

The company's net interest income

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First Published: Aug 25 2020 | 9:48 AM IST

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