LIC Housing Finance Ltd Share Price – NSE  / BSE

Finance, Small Cap

LIC Housing Finance Ltd is up for a fifth straight session today. The stock is quoting at Rs 675.65, up 0.14% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.11% on the day, quoting at 24726.7. The Sensex is at 80745.92, down 0.07%. LIC Housing Finance Ltd has slipped around 14.89% in last one month.

Meanwhile, Nifty Financial Services index of which LIC Housing Finance Ltd is a constituent, has slipped around 2.34% in last one month and is currently quoting at 23178.15, down 0.45% on the day. The volume in the stock stood at 16.55 lakh shares today, compared to the daily average of 36.1 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 670.55, up 0.71% on the day. LIC Housing Finance Ltd is up 59.77% in last one year as compared to a 27.48% jump in NIFTY and a 18.01% jump in the Nifty Financial Services index.

The PE of the stock is 7.83 based on TTM earnings ending June 24.

Powered by Capital Market - Live News

LIC Housing Finance Ltd rose for a third straight session today. The stock is quoting at Rs 665.7, up 1.13% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.14% on the day, quoting at 24574.45. The Sensex is at 80465.57, up 0.04%. LIC Housing Finance Ltd has dropped around 16.14% in last one month.

Meanwhile, Nifty Financial Services index of which LIC Housing Finance Ltd is a constituent, has dropped around 2.97% in last one month and is currently quoting at 22976.2, down 0.22% on the day. The volume in the stock stood at 18.79 lakh shares today, compared to the daily average of 36.55 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 656.95, up 1.12% on the day. LIC Housing Finance Ltd is up 58.29% in last one year as compared to a 26.71% gain in NIFTY and a 17.13% gain in the Nifty Financial Services index.

The PE of the stock is 7.63 based on TTM earnings ending June 24.

Powered by Capital Market - Live News

Total income rose marginally to Rs 6,783.69 crore in June 2024 quarter from Rs 6,746.55 crore posted in same quarter last year.

Profit before tax stood at Rs 1,628.43 crore in first quarter of FY25, registering de-growth of 1.25% as against Rs 1,648.99 crore recorded in Q1 FY24.

Net interest income (NII) slipped 10% YoY to Rs 1,989.08 crore in the quarter ended 30 June 2024. Net interest margin (NIM) reduced to 2.76% in Q1 FY25 as compared to 3.21% registered in the same period a year ago.

Total disbursements jumped 18.96% to Rs 12,915 crore in Q1 FY25 as against Rs 10,856 crore recorded in corresponding period previous year.

Out of this, disbursements in the individual home loan segment were at Rs 10,932 crore in Q1 FY25, up 16.06% YoY, whereas project loans were Rs 521 crore, zoomed 107.56% from Rs 251 crore for the same quarter in the previous year.

The individual home loan portfolio stood at Rs 2,46,275 crore as against Rs 2,31,087 crore, recording a growth of 6.57%. Project loan portfolio stood at Rs 8,099 crore as on 30 June 2024, as against Rs 11,321 crore as on 30 June 2023. Total outstanding portfolio grew by 4.4% YoY to Rs 2,88,665 crore in the quarter.

The provisions for expected credit loss (ECL) stood at Rs 5,670.07 crore as on 30 June 2024 as against Rs 7,590.68 crore as on 30 June 2023.

The Stage 3 exposure at default as on 30 June 2024 stood at 3.30% as against 4.96% as on 30 June 2023.

On consolidated basis, the company’s net profit was at Rs 1,306.30 crore in Q1 FY25, marginally down from Rs 1,318.98 crore in Q1 FY24. Total income was at Rs 6,796.85 crore in Q1 of FY25 as against Rs 6,759.13 crore in same quarter last year.

Tribhuwan Adhikari, MD & CEO, LIC Housing Finance said, Following the technology upgrades and organizational restructuring, we are now fully equipped to aim for faster growth especially in individual housing loan segment. The recent Union Budget has given a positive impetus to our sector with its continued focus on infrastructure development and affordable housing. It is expected to significantly enhance housing demand and foster socio-economic growth. In the current financial year, we also anticipate a gradual downtrend in interest rates, which will further accelerate demand in the sector.

LIC Housing Finance is the largest housing finance company in India. LIC HFL is amongst the pioneers in India ensuring access to housing finance for home ownership. With a strong business foundation, an extensive distribution network and proven industry expertise, LIC HFL is a respected and trusted financial services company.

Powered by Capital Market - Live News

Total income rose marginally to Rs 6,783.69 crore in June 2024 quarter from Rs 6,746.55 crore posted in same quarter last year.

Profit before tax stood at Rs 1,628.43 crore in first quarter of FY25, registering de-growth of 1.25% as against Rs 1,648.99 crore recorded in Q1 FY24.

Net interest income (NII) slipped 10% YoY to Rs 1,989.08 crore in the quarter ended 30 June 2024. Net interest margin (NIM) reduced to 2.76% in Q1 FY25 as compared to 3.21% registered in the same period a year ago.

Total disbursements jumped 18.96% to Rs 12,915 crore in Q1 FY25 as against Rs 10,856 crore recorded in corresponding period previous year.

Out of this, disbursements in the individual home loan segment were at Rs 10,932 crore in Q1 FY25, up 16.06% YoY, whereas project loans were Rs 521 crore, zoomed 107.56% from Rs 251 crore for the same quarter in the previous year.

The individual home loan portfolio stood at Rs 2,46,275 crore as against Rs 2,31,087 crore, recording a growth of 6.57%. Project loan portfolio stood at Rs 8,099 crore as on 30 June 2024, as against Rs 11,321 crore as on 30 June 2023. Total outstanding portfolio grew by 4.4% YoY to Rs 2,88,665 crore in the quarter.

The provisions for expected credit loss (ECL) stood at Rs 5,670.07 crore as on 30 June 2024 as against Rs 7,590.68 crore as on 30 June 2023.

The Stage 3 exposure at default as on 30 June 2024 stood at 3.30% as against 4.96% as on 30 June 2023.

On consolidated basis, the company’s net profit was at Rs 1,306.30 crore in Q1 FY25, marginally down from Rs 1,318.98 crore in Q1 FY24. Total income was at Rs 6,796.85 crore in Q1 of FY25 as against Rs 6,759.13 crore in same quarter last year.

Tribhuwan Adhikari, MD & CEO, LIC Housing Finance said, Following the technology upgrades and organizational restructuring, we are now fully equipped to aim for faster growth especially in individual housing loan segment. The recent Union Budget has given a positive impetus to our sector with its continued focus on infrastructure development and affordable housing. It is expected to significantly enhance housing demand and foster socio-economic growth. In the current financial year, we also anticipate a gradual downtrend in interest rates, which will further accelerate demand in the sector.

LIC Housing Finance is the largest housing finance company in India. LIC HFL is amongst the pioneers in India ensuring access to housing finance for home ownership. With a strong business foundation, an extensive distribution network and proven industry expertise, LIC HFL is a respected and trusted financial services company.

Shares of LIC Housing Finance declined 1.16% to end at Rs 748.45 on Friday, 2 August 2024.

Powered by Capital Market - Live News