LIC Housing Finance net profit rises 6% to Rs 767 crore in third quarter

LIC Housing Finance (LIC HFC) net profit increased by 6% year-on-year (YoY) to Rs 767.33 crore in the third quarter.

The mortgage finance company’s net interest income (NII) rose 14% to Rs1,455 crore in Q3FY22 from Rs1,281 crore in the prior year quarter.

The total portfolio outstanding increased by 11% to Rs 2,43,412 crore in December 2021, from Rs 2,20,197 crore a year ago.

Of the total portfolio, the individual loan portfolio increased by 12% to reach Rs 229,321 crore in December 2021 from Rs 204,444 crore.

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