<p>Shares of LIC Housing Finance (LICHFL) on Friday zoomed nearly 13 per cent after the firm reported a 6 per cent increase in profit after tax for the quarter ended December 2021.</p>.<p>The stock jumped 12.63 per cent to Rs 389 on the BSE.</p>.<p>On the NSE, it rallied 12.59 per cent to Rs 389.</p>.<p>Mortgage lender LIC Housing Finance on Thursday reported a 6 per cent increase in profit after tax at Rs 767.33 crore for the quarter ended December 2021, aided by higher collections and drop in provisions.</p>.<p>It had reported a profit after tax of Rs 727.04 crore in the same period of the previous fiscal.</p>.<p>"The income levels were more or less maintained. Our collections were good during the three months of the quarter. Recovery also picked up across all the regions.</p>.<p>"Even the provisions were less in the quarter because of the provisions we had made earlier," the company's Managing Director and CEO Y Viswanatha Gowd said.</p>.<p>The lender reported better growth in the quarter due to higher disbursements during the festive season.</p>.<p>Gowd also said with easing of the pandemic, growth and asset quality metrics are expected to improve.</p>.<p>Provisions during the quarter stood at Rs 355 crore as against Rs 665 crore made in the second quarter of this fiscal.</p>.<p>Net interest income (NII) grew 14 per cent to Rs 1,455 crore, as against Rs 1,281 crore for the same period in the previous year.</p>.<p>Net interest margin (NIM) improved to 2.42 per cent as against 2.36 per cent. </p>.<p><strong>Check out DH's latest videos</strong></p>
<p>Shares of LIC Housing Finance (LICHFL) on Friday zoomed nearly 13 per cent after the firm reported a 6 per cent increase in profit after tax for the quarter ended December 2021.</p>.<p>The stock jumped 12.63 per cent to Rs 389 on the BSE.</p>.<p>On the NSE, it rallied 12.59 per cent to Rs 389.</p>.<p>Mortgage lender LIC Housing Finance on Thursday reported a 6 per cent increase in profit after tax at Rs 767.33 crore for the quarter ended December 2021, aided by higher collections and drop in provisions.</p>.<p>It had reported a profit after tax of Rs 727.04 crore in the same period of the previous fiscal.</p>.<p>"The income levels were more or less maintained. Our collections were good during the three months of the quarter. Recovery also picked up across all the regions.</p>.<p>"Even the provisions were less in the quarter because of the provisions we had made earlier," the company's Managing Director and CEO Y Viswanatha Gowd said.</p>.<p>The lender reported better growth in the quarter due to higher disbursements during the festive season.</p>.<p>Gowd also said with easing of the pandemic, growth and asset quality metrics are expected to improve.</p>.<p>Provisions during the quarter stood at Rs 355 crore as against Rs 665 crore made in the second quarter of this fiscal.</p>.<p>Net interest income (NII) grew 14 per cent to Rs 1,455 crore, as against Rs 1,281 crore for the same period in the previous year.</p>.<p>Net interest margin (NIM) improved to 2.42 per cent as against 2.36 per cent. </p>.<p><strong>Check out DH's latest videos</strong></p>