LIC Housing Finance Q3 net up 38 per cent at Rs 326.59 crore

LIC Housing Finance, the mortgage subsidiary of Life Insurance Corporation (LIC), has reported a 38 per cent increase in net profit at Rs 326.59 crore for the third quarter ended December 31, 2013.

The net profit was Rs 236.25 crore for the October-December quarter of 2012-13, LIC Housing Finance said in a statement.

The income from operations during the third quarter of FY14 increased to Rs 2,343 crore, from Rs 1,935 crore in the year-ago period.

For the first nine months of the current financial year, LIC Housing Finance clocked profit growth of 34 per cent at Rs 947.16 crore, from Rs 707.06 crore in the same period of the previous financial year.

Its total income was Rs 6,857 crore in the first three quarters, compared to Rs 5,584 crore in the same period last financial year.