LIC Housing Finance released its Q3 FY25 results on January 31 (Tuesday), reporting a robust performance despite slight misses on net interest income (NII).
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The company’s net profit stood at ₹1,432 crore, a 23.1% rise from ₹1,163 crore in the same period last year. This exceeded the CNBC-TV18 poll estimate of ₹1,294 crore.
However, NII came in at ₹1,997.1 crore, falling short of the poll estimate of ₹2,028 crore, marking a decline of 4.8% from ₹2,097 crore in Q3 FY24.
Also read: IndusInd Bank Q3 Results: Profit beats estimates but falls 39% on-year; NPAs rise
The company reported a write-back of ₹43.98 crore, compared to an impairment expense of ₹435.83 crore in the year ago period.
Shares of LIC Housing Finance Ltd closed 2.4% higher at ₹598.45 on BSE today, ahead of the results announcement, reflecting positive investor sentiment.
First Published: Jan 31, 2025 6:56 PM IST
