LIC Housing Finance soars on reporting over 6-fold jump in Q1 consolidated net profit

LIC Housing Finance is currently trading at Rs. 383.80, up by 11.45 points or 3.08% from its previous closing of Rs. 372.35 on the BSE.

The scrip opened at Rs. 382.10 and has touched a high and low of Rs. 390.35 and Rs. 376.55 respectively. So far 287207 shares were traded on the counter.

lic housing finance aims to disburse rs 55000 crore worth loans in fy20
LIC Housing Finance

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 462.50 on 19-Oct-2021 and a 52 week low of Rs. 291.75 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 398.50 and Rs. 369.60 respectively. The current market cap of the company is Rs. 21078.41 crore.

The promoters holding in the company stood at 45.24%, while Institutions and Non-Institutions held 39.89% and 14.88% respectively.

LIC Housing Finance has reported 6-fold jump in its net profit at Rs 925.48 crore for the quarter ended June 30, 2022 as compared to Rs 153.44 crore for the same quarter in the previous year. Total income of the company increased by 8.89% at Rs 5,290.98 crore for Q1FY23 as compared Rs 4,859.04 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported over 6-fold jump in its net profit at Rs 926.89 crore for the quarter ended June 30, 2022 as compared to Rs 151.07 crore for the same quarter in the previous year. Total income of the company increased by 8.94% at Rs 5,302.50 crore for Q1FY23 as compared Rs 4,867.22 crore for the corresponding quarter previous year.