LIC Housing Finance reports 26% jump in Q3 profit

LIC Housing Finance reported 25.5% jump in December quarter profit at Rs 596.31 crore, mainly due to higher interest income. The company’s profit was Rs 475.1 crore during the third quarter of 2017-18.  The company’s total income stood at Rs 4,439.21 crore in the reported quarter.

Interest income increased to Rs 4,414.15 crore from Rs 3,586.74 crore in the year-ago period. Total expenses too widened to Rs 3,579.62 crore from Rs 2,907.90 crore in the third quarter of 2017-18.