Tuesday, October 21, 2008

LIC Housing Finance Q2 net up 16 pc at Rs 135 cr

Mumbai, Oct 21 : LIC Housing Finance Ltd on Tuesday announced a net profit of Rs 135.06 crore for the second quarter ended September 30, 2008, a 16 per cent growth over the corresponding period a year-ago.

The company had a net profit of Rs 116.37 crore for the same quarter last financial year, LIC Housing Finance Ltd said in a filing to the BSE.

The total income of the company rose to Rs 704.23 crore for the September quarter of the current financial year from Rs 523.22 crore for the year-ago period.

For the six months ended September 2008, the housing finance firm posted a net profit of Rs 239.73 crore, against Rs 163.07 crore for the same period of FY'08, up by 47 per cent.

The total income rose to Rs 1,323.92 crore in the same period from Rs 989. 53 crore a year-ago.

Shares of the company were trading at Rs 242.10, up 7.39 per cent in the afternoon trade on the BSE.

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