The record
Written from the 1 report below. Nothing here is unsourced.
- LIC Housing Finance has reported a 10% rise in its first quarter profit.
- The growth came even though the company's total income declined by 1.4% compared to the same quarter last year.
- Total income stood at Rs 7,086 crore, down from Rs 7,186 crore in the corresponding quarter of the previous year.
- The results indicate the company improved its profitability despite lower overall income.
What to watch next
- Whether income decline continues in coming quarters
- Details on what drove profit growth despite lower income
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Named India · LIC Housing Finance
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