Friday 15 July 2016

LIC Housing Finance Q1 net profit up 6.7% at Rs.407.8 crore

The company has posted a net profit of Rs.407.8 crore for the quarter ended June 30, 2016 as compared to Rs.382.1 crore for the quarter ended June 30, 2015.

LIC Housing Finance Ltd has announced the Unaudited Standalone results for the quarter ended June 30, 2016.

The company has posted a net profit of Rs.407.8 crore for the quarter ended June 30, 2016 as compared to Rs.382.1 crore for the quarter ended June 30, 2015. The company's total income has increased from Rs.2965.4 crore for the quarter ended June 30, 2015 to Rs.3379.8 crore for the quarter ended June 30, 2016.

Stock View:
LIC Housing Finance Ltd is currently trading at Rs. 521.4, up by Rs. 14.85 or 2.93% from its previous closing of Rs. 506.55 on the BSE.

The scrip opened at Rs. 511.5 and has touched a high and low of Rs. 522.8 and Rs. 503.25 respectively. So far 5110040(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 25563.05 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 533 on 12-Jul-2016 and a 52 week low of Rs. 389 on 25-Feb-2016. Last one week high and low of the scrip stood at Rs. 533 and Rs. 497 respectively.

The promoters holding in the company stood at 40.31 % while Institutions and Non-Institutions held 37.57 % and 22.12 % respectively.

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