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GIC Housing Finance q3 Net Up 13% To Rs 34 Crore

GIC Housing Finance today reported a 12.6 per cent increase in its net profit at Rs 34.43 crore for the third quarter ended December.

Jan 23, 2017 / 05:58 PM IST
 
 
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GIC Housing Finance today reported a 12.6 percent increase in its net profit at Rs 34.43 crore for the third quarter ended December.


Company's net profit stood at Rs 30.59 crore in the corresponding October-December quarter of 2015-16.


Total income of the company rose to Rs 253.07 crore for the reported quarter, up 13.6 per cent from Rs 222.76 crore in the year ago period, it said in a regulatory filing.


Earnings per share stood at Rs 6.39, as against Rs 5.68 in the same period year earlier.


The company's main business is to provide loans for purchase or construction of residential units.

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GIC Housing said it maintained 100 percent asset cover on its secured listed non-convertible debentures as of December 31, 2016.

Stock of the company closed 0.14 per cent down at Rs 284.05 on BSE.

first published: Jan 23, 2017 05:58 pm

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