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GIC Housing Finance reports 30% rise in Q4 net profit

GIC Housing Finance has reported results for the fourth quarter and year ended March 31, 2017.

The company has reported a rise of 29.94% in its net profit at Rs 46.61 crore for the quarter ended March 31, 2017 as compared to Rs 35.87 crore for the same quarter in the previous year. Total income of the company increased by 14.20% at Rs 266.63 crore for quarter under review as compared to Rs 233.48 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the company has reported a rise of 18.66% in its net profit at Rs 147.73 crore as compared to Rs 124.50 crore for the same period in the previous year. Total income of the company increased by 14.31% at Rs 1001.74 crore for year under review as compared to Rs 876.37 crore for the period ended March 31, 2016.

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