GIC Housing Finance registered a rise of 11.92% in net profit to Rs 150.20 million for the quarter ended Dec. 31, 2007, as compared to Rs 134.20 million in the corresponding quarter, last fiscal.
Net sales stood at Rs 674.40 million in the quarter ended Dec. 31, 2007, as against Rs 496.20 million in the same period last year, recording a growth of 35.91%.
Total income reported an increase of 35.68% to Rs 675.00 million for the quarter ended Dec. 31, 2007, as compared to Rs 497.50 million for the same period, last year. Quarterly results (Rs in mn) As at December 2007(3) December 2006(3) %Change Net Sales 674.40 496.20 35.91 Net Profit 150.20 134.20 11.92 EPS 2.79 2.73 2.20
The basic and diluted earning per share (EPS), after extra ordinary items, stood at Rs 2.79 for the quarter ended December 2007 compared with Rs 2.73 for the quarter ended December 2006.
The primary business of the company is granting housing loans to individuals and to persons or entities for the construction of houses or flats for residential purposes.
Shares of the company declined Rs 6.1, or 7.16%, to settle at Rs 79.15. The total volume of shares traded was 57,579 at the BSE. (Friday)
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