LIC HFL Q3 Results: Net profit plunges 45% YoY to Rs 480.30 crore

Explaining the reason for the 16 per cent spike in revenue to Rs 5,871 crore and the resultant 10 per cent jump in net interest income to Rs 1,606 crore, Gowd told PTI that Rs 1,569.33 crore increase in absolute provisions was due to prudential provisioning as we wanted to increase the coverage ratio