The main business of the company is to provide loans for purchase and reconstruction of residential houses. Total income of the company stood at Rs.1,592.54 crore, up by 17.58%, compared to Rs.1,354.42 crore a year ago, said in the statement.
However, the net interest income (NII) fell 5% y-o-y to Rs 326 crore due to slower loan disbursements to developers.
LIC disbursed approximately Rs 4,570 crore loans to customers as against Rs 4,215 crore, rise of more than 8%.
On Monday, the shares of the company closed at Rs 246.05 down by 5.60 points or 2.23%