LIC Housing Finance gains after reporting good Q4 results

LIC Housing Finance rose 2.32% to Rs 447.70 at 10:05 IST on BSE after net profit rose 2.2% to Rs 378.18 crore on 15.44% growth in total income to Rs 2860.59 crore in Q4 March 2015 over Q4 March 2014.

The result was announced on Saturday, 18 April 2015.

Meanwhile, the BSE Sensex was down 137.28 points, or 0.48%, to 28,304.82.

On BSE, so far 70,690 shares were traded in the counter, compared with an average volume of 2.76 lakh shares in the past one quarter.

The large-cap stock hit a high of Rs 448.20 and a low of Rs 440.05 so far during the day. The stock had hit a record high of Rs 509.40 on 28 February 2015. The stock had hit a 52-week low of Rs 254.55 on 30 April 2014.

The stock had underperformed the market over the past one month till 17 April 2015, falling 5.59% compared with 1.02% fall in the Sensex. The scrip had also underperformed the market in past one quarter, declining 10.11% as against Sensex's 1.14% rise.

The large-cap company has an equity capital of Rs 100.93 crore. Face value per share is Rs 2.

LIC Housing Finance's net profit rose 5.23% to Rs 1386.18 crore on 15.68% growth in total income to Rs 10798.65 crore in the year ended 31 March 2015 (FY 2015) over the year ended 31 March 2014 (FY 2014).

On consolidated basis, LIC Housing Finance's net profit rose 5.87% to Rs 1395.60 crore on 15.53% growth in total income to Rs 10828.88 crore in FY 2015 over FY 2014.

LIC Housing Finance said that the board of directors of the company at its meeting held on 18 April 2015 has recommended a dividend of Rs 5 per share for the year ending 31 March 2015 (FY 2015).

LIC Housing Finance is a Housing Finance company. Incorporated on 19th June, 1989, the company was promoted by LIC of India and went public in the year 1994.

LIC of India holds 40.31% stake in the firm as at 31 March 2015.

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