NEW DELHI: LIC Housing Finance on Wednesday reported an almost four-fold rise in internet revenue to Rs 1,188 crore for the September quarter. The housing finance subsidiary of LIC had earned a revenue of Rs 305 crore within the year-ago quarter.
Whole income elevated to Rs 6,753 crore within the second quarter of the present fiscal from Rs 5,086 crore within the year-ago interval, LIC Housing Finance mentioned in a regulatory submitting.
The lender’s curiosity earnings additionally elevated to Rs 6,707 crore from Rs 5,049 crore a yr in the past.
Internet curiosity earnings of the mortgage agency elevated to Rs 2,107 crore as in comparison with Rs 1,150 crore within the year-ago interval.
On the asset high quality aspect, the lender’s gross Non-Performing Property (NPAs) stood at 4.3 per cent of gross advances in September over 4.9 per cent a yr in the past.
The web NPA declined marginally to 2.59 per cent in opposition to 2.83 per cent within the year-ago interval.
Internet curiosity margin of the corporate elevated to three.04 per cent as in opposition to 1.78 per cent in the identical quarter a yr in the past.
Whole income elevated to Rs 6,753 crore within the second quarter of the present fiscal from Rs 5,086 crore within the year-ago interval, LIC Housing Finance mentioned in a regulatory submitting.
The lender’s curiosity earnings additionally elevated to Rs 6,707 crore from Rs 5,049 crore a yr in the past.
Internet curiosity earnings of the mortgage agency elevated to Rs 2,107 crore as in comparison with Rs 1,150 crore within the year-ago interval.
On the asset high quality aspect, the lender’s gross Non-Performing Property (NPAs) stood at 4.3 per cent of gross advances in September over 4.9 per cent a yr in the past.
The web NPA declined marginally to 2.59 per cent in opposition to 2.83 per cent within the year-ago interval.
Internet curiosity margin of the corporate elevated to three.04 per cent as in opposition to 1.78 per cent in the identical quarter a yr in the past.
