LIC Housing Finance fell 9% to Rs 677 as the company’s standalone net profit dropped 1.77% to Rs 1,300.21 crore in Q1 FY25, compared to Rs 1,323.66 crore in Q1 FY24.
From Rs 6,746.55 crore in the same quarter last year to Rs 6,783.69 crore in June 2024, total income increased a bit.
The first quarter of FY25 had a de-growth of 1.25% in profit before tax, to Rs 1,628.43 crore, from Rs 1,648.99 crore in Q1 FY24.
The quarter ended June 30, 2024, saw a 10% YoY decline in net interest income (NII) to Rs 1,989.08 crore. In Q1 FY25, net interest margin (NIM) dropped to 2.76% from 3.21% during the same period last year.
In Q1 FY25, total disbursements increased 18.96% to Rs 12,915 crore from Rs 10,856 crore in the same time the previous year.
As of 11:20 am, LIC Housing Finance shares were trading 9.65% lower at ₹676.35 on the NSE.
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