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LIC Housing Finance Q1 net profit up 21% at Rs 256 cr

LIC Housing Finance, a mortgage lender, April-June net profit rose at a slower pace at 21% year-on-year to Rs 256.50 crore on the back of a sluggish real estate market. Net interest margin sequentially declined by 67 points to 2.78%, suggesting the underlying margin pressure due to rising cost of funds.

first published: Jul 20, 2011 01:51 pm

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