LIC Housing Finance gains on reporting 25% rise in Q2 consolidated net profit
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LIC Housing Finance is currently trading at Rs. 368.50, up by 1.60 points or 0.44% from its previous closing of Rs. 366.90 on the BSE.
The scrip opened at Rs. 365.00 and has touched a high and low of Rs. 371.50 and Rs. 363.70 respectively. So far 182197 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 443.50 on 15-Sep-2022 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. 428.70 and Rs. 349.10 respectively. The current market cap of the company is Rs. 20269.82 crore.
The promoters holding in the company stood at 45.24%, while Institutions and Non-Institutions held 41.65% and 13.10% respectively.
LIC Housing Finance has reported results for second quarter ended September 30, 2022. The company has reported a rise of 23.04% in its net profit at Rs 304.97 crore for the quarter under review as compared to Rs 247.86 crore for the same quarter in the previous year. Total income of the company increased by 8.00% at Rs 5092.02 crore for Q2FY23 as compared Rs 4715.00 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported rise of 24.65% in its net profit at Rs 311.44 crore for the quarter under review as compared to Rs 249.86 crore for the same quarter in the previous year. Total income of the company increased by 8.01% at Rs 5101.40 crore for Q2FY23 as compared Rs 4722.93 crore for the corresponding quarter previous year.
