LIC Housing posts 25 per cent drop in Q1FY07

New Delhi, July 27 (UNI) LIC Housing Finance today reported a 25 per cent hike in profit after tax of Rs 37.46 crore for the first quarter ended June 30, 2006, as compared to Rs 50.18 crore for the corresponding quarter last year.

The company's total income, however, increased 18 per cent to Rs 340.15 crore for Q1FY07 from Rs 286.17 crore for Q1FY06.

LIC Housing Finance yesterday said it would raise interest on home loans, followed by an increase in reop and reverse repo rates by Reserve Bank of India.

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