LIC Housing Finance reported results for the second quarter (Q2) ended September 30, 2015 on Thursday. The company posted 20.62 per cent rise in its net profit at Rs 411.73 crore for the quarter ended September 30, 2015 as compared to Rs 341.35 crore for the same quarter in the previous year.
Total income of the company increased by 16.20 per cent at Rs 3,089.35 crore for the quarter under review as compared to Rs 2,658.70 crore in the corresponding quarter of the previous year.
LIC Housing Finance is one of the largest housing finance company in India. The main objective of the company is providing long term finance to individuals for purchase or construction of house or flat for residential purpose / repair and renovation of existing flat / houses.