LIC Housing Finance share price falls 3% post Q4 results:

LIC-Housing

LIC Housing Finance share price sheds 3 percent on June 16 a day after the company declared its Q4FY21 earnings.

The company on June 15 reported a 5 percent decline in its profit after tax to Rs 398.92 crore in the quarter ended in March 2021 due to higher provisioning for bad loans. It had reported a profit after tax of Rs 421.43 crore in the year ago period.

For FY20-21, net profit grew by 14 percent to Rs 2,734.34 crore as against Rs 2,401.84 crore in the previous year.

News source:- Moneycontrol

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