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GIC Housing Finance Ltd Q2FY24; 46% fall in Profits

GIC Housing Finance Limited, incorporated in 1989, grants housing loans to individuals and to persons/entities engaged in construction of houses/flats for residential purposes.

Financial Results:

GIC Housing Finance Ltd reported Revenues for Q2FY24 of ₹268.00 Crores down from ₹279.00 Crore year on year, a fall of 3.94%.

Total Expenses for Q2FY24 of ₹230.00 Crores up from ₹208.00 Crores year on year, a rise of 10.58%.

Consolidated Net Profit of ₹30.00 Crores down 46.43% from ₹56.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹5.60, down 46.46% from ₹10.46 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: NBFC
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