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LIC Housing Finance Ltd Q3FY24; 153% rise in Profits

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.

Financial Results:

LIC Housing Finance Ltd reported Revenues for Q3FY24 of ₹6,804.00 Crores up from ₹5,890.00 Crore year on year, a rise of 15.52%.

Total Expenses for Q3FY24 of ₹5,350.00 Crores up from ₹5,318.00 Crores year on year, a rise of 0.6%.

Consolidated Net Profit of ₹1,167.00 Crores up 152.6% from ₹462.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹21.21, up 152.50% from ₹8.40 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.

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