LIC Housing Finance Q2 Results: Profit rises 11% to Rs 1,324 crore, NII down 6%

The company's core net interest income declined 6 per cent when compared to the year-ago period despite a 6 per cent rise in assets under management, but weighed down by a sharp reduction in net interest margin (NIM) to 2.71 per cent from the 3.04 per cent in the year-ago period.