LIC Housing Finance Limited (NSE: LICHSGFIN) is one of the leading housing finance companies in India. The company provides home loans to individuals for the purchase, construction, renovation, and extension of residential properties. LIC HFL was established in 1989 as a subsidiary of Life Insurance Corporation of India, the country’s largest life insurance company.
LIC HFL offers a range of housing finance products and services to cater to the needs of different types of customers. In terms of earnings, Revenue from Operations for Q3 FY23 was ₹5,851.92 crore, a 17% increase from ₹5,004.25 crore in the same period last year. The third quarter’s other income, which contributed ₹5.79 Crore to the Total Revenue. Meanwhile, the Profit Before Tax decreased to ₹577.17 Crore from ₹967.57 Crore from the same quarter previous year. The Consolidated Net Profit was ₹461.97 crore, down from ₹771.32 crore in the same quarter last year. This quarter’s earnings per share was ₹2.45. In the same time period, the company’s Tax Expense increased up to ₹15.87 Crore from ₹15.14 Crore.