LIC Housing Finance Q2 net up by 53.26

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Mumbai, Oct 22 (UNI) LIC Housing Finance has registered a net profit increase of 53.26 per cent at Rs 116 for the quarter ended September 30 against Rs 76 crore in the corresponding quarter of the last fiscal year.

The total income of the Company for the same period grew by 37 per cent at Rs 527 crore from Rs 385 crore in the corresponding quarter last year.

Announcing the results here today, LIC Housing Director and CEO S K Mitter said that the Company has shown a business growth higher than the industry rates.

LIC Housing Finance is also planning to come up with its follow up equities worth Rs 500 crore by the end of December this year, Mr Mitter said.

''The Company is now poised to move into the next level of growth and performance. We are also considering an enhancement of equity capital,'' he added.

The Firm, during the same period, has sanctioned Rs 2,268 crore and disbursed Rs 1,599 crore of loans with a growth of 69 per cent and 36 per cent respectively.


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