LIC Housing Finance trades in red on reporting 9% fall in Q4 consolidated net profit
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LIC Housing Finance is currently trading at Rs. 502.80, down by 18.95 points or 3.63% from its previous closing of Rs. 521.75 on the BSE.
The scrip opened at Rs. 508.80 and has touched a high and low of Rs. 517.00 and Rs. 501.20 respectively. So far 301248 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 542.35 on 11-Jun-2021 and a 52 week low of Rs. 255.00 on 16-Jul-2020.
Last one week high and low of the scrip stood at Rs. 542.35 and Rs. 501.20 respectively. The current market cap of the company is Rs. 25323.99 crore.
The promoters holding in the company stood at 40.31%, while Institutions and Non-Institutions held 45.02% and 14.67% respectively.
LIC Housing Finance has reported results for fourth quarter and year ended March 31, 2021.
The company has reported 5.34% fall in its net profit at Rs 398.92 crore for the quarter under review as compared to Rs 421.43 crore for the same quarter in the previous year. However, total income of the company increased by 1.58% at Rs 4964.37 crore for Q4FY21 as compared Rs 4886.94 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 9.30% fall in its net profit attributable to shareholders at Rs 384.79 crore for the quarter under review as compared to Rs 424.25 crore for the same quarter in the previous year. However, total income of the company increased by 1.55% at Rs 4979.91 crore for Q4FY21 as compared Rs 4903.54 crore for the corresponding quarter previous year.
For the year ended March 31, 2021, the company has reported rise of 13.84% in its net profit at Rs 2734.34 crore as compared to Rs 2401.84 crore for the previous year. Total income of the company increased by 0.90% at Rs 19847.69 crore for year under review as compared to Rs 19669.76 crore for year ended March 31, 2020.
For the year ended March 31, 2021, on the consolidated basis, the company has reported rise of 14.04% in its net profit attributable to shareholders at Rs 2740.72 crore as compared to Rs 2403.26 crore for the previous year. Total income of the company increased by 0.88% at Rs 19880.22 crore for year under review as compared to Rs 19706.89 crore for year ended March 31, 2020.
