Latest News | GIC Housing Shares Jump over 5 Pc After Strong Earnings
Get latest articles and stories on Latest News at LatestLY. Shares of GIC Housing Finance on Tuesday jumped over 5 per cent after the company reported a 25.5 per cent increase in its standalone net profit in the quarter ended December 2021.
New Delhi, Feb 1 (PTI) Shares of GIC Housing Finance on Tuesday jumped over 5 per cent after the company reported a 25.5 per cent increase in its standalone net profit in the quarter ended December 2021.
The stock gained 5.08 per cent to Rs 167.25 on the BSE.
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At the NSE, it jumped 5.46 per cent to Rs 167.90.
GIC Housing Finance on Monday reported a 25.5 per cent increase in its standalone net profit at Rs 76.53 crore in the quarter ended December 2021.
The company had registered a net profit of Rs 61 crore in the same quarter a year earlier.
Sequentially, the net profit was higher by 69 per cent from Rs 45.23 crore in September 2021 quarter.
Total income, however, fell to Rs 293 crore in Q3 FY'22 as against Rs 312 crore in the same quarter of the previous fiscal year, GIC Housing Finance said in a regulatory filing.
GIC Housing Finance is mainly engaged in the business of providing loans for purchase or construction of residential homes.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)