LIC Housing Finance PAT rises to Rs 925.48 crore in Q1FY23

Total revenue of the company grew 9 per cent to Rs 5,285.46 crore in the current quarter.

LIC Housing Finance PAT rises to Rs 925.48 crore in Q1FY23

LIC Housing Finance Ltd's net profit rose sharply by 503 per cent year-on-year to Rs 925.48 crore on back of uptick in net interest income, as against Rs 153.44 crore in the same quarter last year.

The net interest income of the housing finance company rose by 26 per cent to Rs 1,610.19 crore, as compared to Rs 1,275.31 crore for the same period in the previous year. Net interest margin for the quarter stood at 2.54 per cent, as against 2.20 per cent the previous year.