GIC Housing Finance Ltd has reported rise of 15 per cent in its net profit at Rs 29.79 crore for the second quarter ended September. The company's net profit was at Rs 25.83 crore in the same period a year ago. Total income of the company during the quarter under review rose to Rs 215.55 crore as against Rs 178.69 crore in the year-ago period, it said in a BSE filing.
The earnings per share were at Rs 5.53 as of September 30, 2015, up from Rs 4.80 in the same period of previous fiscal. The company was promoted by General Insurance Corporation of India and its erstwhile subsidiaries together with UTI, ICICI, IFCI, HDFC and SBI. The firm finances both individuals as well as corporate houses and has tie-ups with builders for the same.
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