LIC Housing Finance Q2 net profit dips to Rs 489 cr

LIC Housing Finance reported a decline of 1.13 percent in its net profit at Rs 489.12 crore for the second quarter of the current fiscal.

Its net profit in the corresponding July-September quarter of the previous fiscal was at Rs 494.76 crore.

Total revenue was up 6.5 percent to Rs 3,716.63 crore during the quarter from Rs 3,489.91 crore in the year-ago period, it said in a regulatory filing.

In revenue break-up, LIC Housing Finance’s income from operations was up marginally at Rs 3,687.42 crore during the quarter from Rs 3,456.45 crore a year ago. While income from other sources fell to Rs 29.21 crore as against Rs 33.46 crore a year earlier.