LIC Housing Finance Third Quarter Update: LIC Housing Finance will hold a board of directors meeting on Monday, January 20th and Friday, January 31st, 2025 at 2:30 pm to consider and announce the next October-December financial results. announced that. For the current fiscal year 2024-25 (3rd quarter of 2025).
India’s largest housing finance company (HFC) has also issued a notice to all designated company officers (including directors) and their families/relatives from January 1st to February 2nd, 2025 (inclusive). announced that it will continue to close its securities trading counters. ).
Also read: LIC Housing Finance Q2: Net profit rises 11% YoY INR132.8 billion
“We would like to inform you that a meeting of our Board of Directors will be held on Friday, January 31, 2025 at 2:30 p.m. to review, approve and record our unaudited financial results (single and consolidated) ) for the third quarter and nine months ended December 31, 2024,” LIC Housing Finance said in a regulatory filing with stock exchanges.
“The trading window for trading in our stock will remain closed to all directors and designated (specified) employees from January 1, 2025 to February 2, 2025. , will resume from February 3, 2025,” LIC Housing Finance added.
LIC Housing Finance 2nd Quarter Results
Last quarter, LIC Housing Finance reported an 11.25% year-over-year increase in consolidated net profit. INR1,327.71 million for the July-September period of the current fiscal year 2024-25 (2nd quarter of 2025). INRIn the same period last year, it was $1,193.48 million.
Total operating revenue for the September quarter was INR6,937.72 million, an increase of 2.5% from the previous month INR6,765.44 billion in the corresponding quarter of the previous financial year. Sales increased as major HFCs recorded solid interest income in the last quarter.
Interest income during the quarter was INR685.996 billion pairs INRIn the same period last year, it was $6,712.63 million. Net interest income (NII) (the difference between interest earned on loans and interest paid on deposits) decreased by 6%; INRFrom 197.4 billion INRThe same period last year was 210.7 billion yen.
Total spending for the quarter was down slightly; INRFrom 527.461 billion INRThe year-on-year comparison was $5,282.83 million. Operating income before provisions decreased by 8.3% from the previous year. INRFrom 174.2 billion INRThe same period last year was 189.9 billion yen. LIC Housing Finance shares traded 1.28% higher on Monday. INROne piece costs 569.95 on BSE.
