LIC Housing Finance Limited is a housing finance company registered with National Housing Bank (NHB) and is mainly engaged in financing purchase / construction of residential flats / houses to individuals and project finance to developers, Loan against Property (LAP), Lease Rental Discounting (LRD)for commercial properties as well as purchase of commercial shops/showrooms etc.(Source : 201903 Annual Report Page No: 36 and 50)
Financial Results:
- LIC Housing Finance Ltd reported Revenues for Q2FY24 of ₹6,765.00 Crores up from ₹5,096.00 Crore year on year, a rise of 32.75%.
- Total Expenses for Q2FY24 of ₹5,283.00 Crores up from ₹4,713.00 Crores year on year, a rise of 12.09%.
- Consolidated Net Profit of ₹1,194.00 Crores up 281.47% from ₹313.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹21.70, up 281.37% from ₹5.69 in the same quarter of the previous year.