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Market Watch

Monday, 18 April 2016

LIC Housing Q4 profit up 18%, misses forecast on higher tax cost

LIC Housing Finance's fourth quarter profit missed analysts expectations on Monday, rising 18.5 percent to Rs 448 crore compared to Rs 378.2 crore in year-ago period, impacted by higher tax expenses and provisions. Net interest income, the difference between interest earned and interest expended, grew by 26.5 percent to Rs 822 crore from Rs 650 crore in same period, which was in line.


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