LIC Housing Finance, a premier housing finance company in India, today reported a rise of 38.24% in the third quarter profit to Rs 3.27 billion as compared to Rs 2.36 billion in the same period last year.
Analysts, on average, expected LIC Housing Finance to report a profit of Rs 3.11 billion.
Total income came at Rs 23.76 billion, an increase of 21.56% over Rs 19.55 billion in the same period a year ago.
The net interest income (NII) for the quarter was Rs 4.58 billion as against Rs 3.7 billion for the same period last year, a growth of 24%. Net interest margins (NIM) stood at 2.16% as on Dec. 31, 2013 as against 2.09% for the quarter ended Dec. 31, 2012.
Shares of the company gained Rs 0.4, or 0.19%, to trade at Rs 213.40. The total volume of shares traded was 453,665 at the BSE (12.15 p.m., Thursday).
