LIC Housing Finance gains on reporting good earnings

LIC Housing Finance is currently trading at Rs. 471.30, up by 3.25 points or 0.69% from its previous closing of Rs. 468.05 on the BSE.

The scrip opened at Rs. 469.90 and has touched a high and low of Rs. 471.50 and Rs. 469.30 respectively. So far 4493 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 526.00 on 06-Aug-2015 and a 52 week low of Rs. 389.00 on 25-Feb-2016.

Last one week high and low of the scrip stood at Rs. 490.00 and Rs. 466.85 respectively. The current market cap of the company is Rs. 23620.75 crore.

The promoters holding in the company stood at 40.31%, while Institutions and Non-Institutions held 33.66% and 26.03% respectively.

The company has posted a rise of 18.47% in its net profit at Rs 448.02 crore for the quarter ended March 31, 2016 as compared to Rs 378.18 crore for the same quarter in the previous year. Total income of the company has increased by 14.45% at Rs 3273.94 crore for quarter under review as compared to Rs 2860.59 crore for the quarter ended March 31, 2015.

For the year ended March 31, 2016, the company has posted a rise of 19.81% in its net profit at Rs 1660.79 crore as compared to Rs 1386.19 crore for the same period in the previous year. Total income of company increased 15.62% at Rs 12485.46 crore for year under review as compared to Rs 10798.66 crore for the period ended March 31, 2015.

For the year ended March 31, 2016, on the consolidated basis, the company has posted rise of 19.50% in its net profit after taxes, minority interest and share of profit of associates at Rs 1667.70 crore as compared to Rs 1395.61 crore for the same period in the previous year. Total income of company has increased by 15.46% at Rs 12502.58 crore for year under review as compared to Rs 10828.88 crore for the period ended March 31, 2015.