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GIC Housing Finance reports marginal fall in Q2 net profit

GIC Housing Finance has reported results for second quarter ended September 30, 2018.

The company has reported marginal fall of 1.01% in its net profit at Rs 46.20 crore for the quarter under review as compared to Rs 46.67 crore for the same quarter in the previous year. However, total income of the company increased by 11.90% at Rs 301.53 crore for Q2FY19 as compared Rs 269.47 crore for the corresponding quarter previous year.

GIC Housing Finance’s primary business is granting housing loans to individuals and to persons/entities engaged in construction of houses/flats for residential purposes.

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