LIC Housing Finance Ltd reported a 1.6% rise in second-quarter profit on Wednesday, aided by stable loan demand and improved interest income.

The company’s consolidated net profit after tax came in at ₹1,349 crore for the quarter ended Sept 30, compared with ₹1,328 crore a year earlier.

Net interest income (NII) rose 3.3% to ₹2,048 crore from ₹1,981 crore last year.

LIC Housing, one of India’s largest mortgage lenders, has been benefiting from sustained housing demand and a gradual shift towards affordable and mid-income segments.

LIC Housing Q1 results

LIC Housing Finance Ltd posted a 4.4% year-on-year increase in net profit for the June quarter, coming in at ₹1,364 crore compared with ₹1,306 crore a year ago.

The company’s revenue from operations rose 7% to ₹7,233 crore, while n

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