Monday, July 21, 2008

LIC Housing Finance strong Q1 numbers

LIC Housing Finance rose 4.09% to Rs 247 at 14:14 IST on BSE after it reported 72.74% growth in net profit to Rs 104.66 crore on 34.68% rise in total income to Rs 622.01 crore in Q1 June 2008 over Q1 June 2007.
The company announced the result during trading hours today, 21 July 2008.
The stock hit a high of Rs 247.40 and a low of Rs 233 so far during the day. The stock had a 52-week high of Rs 402.90 on 11 December 2007 and a 52-week low of Rs 174.50 on 23 August 2007.
The company has an equity capital of Rs 84.99 crore. Face value per share is Rs 10.
The current price of Rs 247 discounts its Q4 March 2008 annualised EPS of Rs 55.58, by a PE multiple of 4.44.
The company provides long term finance to individuals for purchase/construction/repair and renovation of new/ existing flats/houses. The company also provides finance on existing property for business/personal needs and gives loans to professionals for purchase/construction of clinics/nursing homes/diagnostic centres / office space.

No comments: