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Home STOCKS GIC Housing Finance Q4 results: Profit halves to Rs 26 crore

GIC Housing Finance Q4 results: Profit halves to Rs 26 crore

New Delhi: GIC Housing Finance on Monday noted a 48 for each cent decline in its net profit to Rs 26.40 crore for the fourth quarter ended March 31.
The firm experienced posted a net profit of Rs 50.9 crore in the January-March quarter of 2018-19.
Its complete earnings also arrived down to Rs 317.08 crore, in contrast with Rs 324.31 crore in the 12 months-in the past period, GIC Housing Finance stated in a regulatory filing.
The firm’s board has suggested a dividend of Rs 2 per share for 2019-20, which is subject matter to shareholders’ approval.

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