08-04-2023 11:32 AM | Source: Accord Fintech
LIC Housing Finance zooms on reporting 42% rise in Q1 consolidated net profit
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LIC Housing Finance is currently trading at Rs. 416.55, up by 22.65 points or 5.75% from its previous closing of Rs. 393.90 on the BSE.

The scrip opened at Rs. 392.85 and has touched a high and low of Rs. 422.20 and Rs. 392.60 respectively. So far 316998 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. 315.45 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 423.30 and Rs. 390.70 respectively. The current market cap of the company is Rs. 22646.09 crore.

The promoters holding in the company stood at 45.24%, while Institutions and Non-Institutions held 42.19% and 12.57% respectively.

LIC Housing Finance has reported 43.02% rise in its net profit at Rs 1,323.66 crore for first quarter ended June 30, 2023 (Q1FY24) as compared to Rs 925.48 crore for the same quarter in the previous year. Total income of the company increased by 27.51% at Rs 6,746.55 crore for Q1FY24 as compared Rs 5,290.98 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 42.31% rise in net profit at Rs 1,319.04 crore for the first quarter ended June 30, 2023 as compared to Rs 926.89 crore for the same quarter in the previous year. Total income of the company increased by 27.47% at Rs 6,759.13 crore for Q1FY24 as compared Rs 5,302.50 crore for the corresponding quarter previous year.