LIC Housing Finance gains after strong Q4 earnings

The company announced Q4 results during trading hours today, 26 April 2013.

Meanwhile, the S&P BSE Sensex was down 43.47 points or 0.22% at 19,363.38.

The stock surged on high volumes. On BSE, 7.48 lakh shares were traded in the counter as against average daily volume of 1.89 lakh shares in past two weeks.

The stock hit a high of Rs 242.95 and a low of Rs 230 so far during the day.

LIC Housing Finance's net profit rose 11.92% to Rs 1023.20 crore on 23.22% growth in total income to Rs 7658.88 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).

LIC Housing Finance's consolidated net profit rose 13.87% to Rs 1047.51 crore on 24.04% growth in total income to Rs 7746.36 crore in FY 2013 over FY 2012.

LIC Housing Finance's board of directors at a meeting held today, 26 April 2013, recommended dividend of Rs 3.80 per share for FY 2013.

LIC Housing Finance is one of the largest housing finance companies in India having one of the widest networks of offices across the country and representative offices at Dubai & Kuwait

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