Monday, 18 April 2016

LIC Housing Finance Q4 PAT at Rs. 448 crore; up 18.5%

The company's total income has increased from Rs. 108288.847 million for the year ended March 31, 2015 to Rs. 125025.789 million for the year ended March 31, 2016. 

LIC Housing Finance Ltd has announced the following results for the quarter & year ended March 31, 2016.
The company has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 16676.960 million for the year ended March 31, 2016 as compared to Rs. 13956.093 million for the year ended March 31, 2015. Total Income has increased from Rs. 108288.847 million for the year ended March 31, 2015 to Rs. 125025.789 million for the year ended March 31, 2016.
The Audited Standalone results for the Quarter ended March 31, 2016

The Company has posted a net profit of Rs. 4480.174 million for the quarter ended March 31, 2016 as compared to Rs. 3781.832 million for the quarter ended March 31, 2015. Total Income has increased from Rs. 28605.925 million for the quarter ended March 31, 2015 to Rs. 32739.410 million for the quarter ended March 31, 2016.
The Audited Standalone results for the Year ended March 31, 2016
The Company has posted a net profit of Rs. 16607.905 million for the year ended March 31, 2016 as compared to Rs. 13861.887 million for the year ended March 31, 2015. Total Income has increased from Rs. 107986.551 million for the year ended March 31, 2015 to Rs. 124854.568 million for the year ended March 31, 2016.
The company has informed BSE that the Board of Directors of the Company at its meeting held on April 18, 2016, inter alia, approved recommendation of dividend for financial year 2015-2016 @ 275% i.e. Rs. 5.50 per equity share of Rs. 2/-each. The dividend on equity shares, will be paid on or after August 20, 2016.

Stock price:

LIC Housing Finance Ltd is currently trading at Rs. 483.15, up by Rs. 2.35 or 0.49% from its previous closing of Rs. 480.8 on the BSE.

The scrip opened at Rs. 482.6 and has touched a high and low of Rs. 490 and Rs. 479.7 respectively. So far 2108404(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 24263.57 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 526 on 06-Aug-2015 and a 52 week low of Rs. 389 on 25-Feb-2016. Last one week high and low of the scrip stood at Rs. 487.4 and Rs. 461.9 respectively.

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

The stock is currently trading above its 200 DMA.

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