LIC Housing Finance Q2 Outcomes: Co experiences four-fold soar in internet revenue to Rs 1188 crore

LIC Housing Finance reported an almost four-fold soar in internet revenue at Rs 1188 crore for the September quarter in opposition to Rs 305 crore backed by an enchancment in asset high quality.

Complete earnings for the mortgage lender rose 33% at Rs 6759 crore as in contrast with Rs 5092 crore.

Its gross non-performing property ratio declined to 4.33% on the finish of September from 4.91% a yr again. Web NPA ratio was at 2.59% in opposition to 2.83%. Provision protection ratio fell to 41.22% from 43.65%.

The corporate introduced its quarterly numbers after market hours. Shares fall 0.25% to 457.75 on BSE.

LIC Housing Finance board has on Wednesday authorised an upfront dedication of Rs 150 crore to the corpus fund LICHFL Actual Property Debt Alternatives Fund -1 of LICHFL Asset Administration Firm, it introduced in a regulatory submitting to inventory exchanges.

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