GIC Housing Finance reports net loss of Rs 9.97 crore in Q2 FY20

GIC Housing Finance reports net loss of Rs 9.97 crore in Q2 FY20
02/11/2019 , by , in ALLIED

GIC Housing Finance has reported a net loss of Rs 9.97 crore in the second quarter of the financial year 2019-20.

The company had reported a profit of Rs 46.20 crore in the corresponding quarter the previous year, it informed in a BSE filing on Friday.

Its net income was Rs 313.24 crore in Q2 FY20, a growth of 4 per cent from Rs 301.53 crore it registered in the similar quarter last year.

GIC Housing appointed Ajit Kumar Saxena and Vijayalakshmi Iyer as independent directors (additional directors) of the company.

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