LIC HOUSING Announces Quarterly Results (2QFY22); Net Profit Down 68.4%

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LIC HOUSING Announces Quarterly Results (2QFY22); Net Profit Down 68.4%
Tue, 26 Oct

LIC HOUSING has announced its results for the quarter ended September 2021. Here is a detailed performance review of the same:

LIC HOUSING Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-20*
3
Jun-21*
3
Sep-21*
QoQ ChangeYoY Change
Operating incomeRs m49,77348,64647,177-3.0%-5.2%
Other incomeRs m103275399.2%-48.7%
Total revenuesRs m49,87648,67247,229-3.0%-5.3%
InterestRs m36,99935,49135,052-1.2%-5.3%
Gross Profit Rs m12,64413,02411,989-7.9%-5.2%
Other expensesRs m2,63911,1138,923-19.7%238.2%
Profit before taxRs m10,1081,9383,11961.0%-69.1%
TaxRs m2,21142762145.4%-71.9%
Profit after taxRs m7,8971,5112,49965.4%-68.4%
Gross profit margin %25.426.825.4
Effective tax rate%21.922.019.9
Net profit margin%15.93.15.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The bank's operating income (interest earned) during the quarter fell 5.2% on a year-on-year (YoY) basis. The interest expended was down by 5.3% YoY during the same period.
  • The bank's operating profit declined by 5.2% YoY during the quarter. Consequently, operating profit margins remained same and stood at 25.4% in 2QFY22.
  • Other income declined by 48.7% YoY during the quarter.
  • Net profit for the quarter declined by 68.4% YoY. Net profit margins during the quarter declined from 15.9% in 2QFY21 to 5.3% in 2QFY22.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter fell 3.0% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 1.2% QoQ during the same period.
  • The bank's operating profit declined by 7.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 25.4% in 2QFY22 as against 26.8% in 1QFY21.
  • Net profit for the quarter increased by 65.4% QoQ, while net profit margins increased from 3.1% in 1QFY21 to 5.3% in 2QFY22.

To see how LIC HOUSING has performed over the last eight quarters,please visit here.

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LIC HOUSING Share Price Performance

Over the last one year, LIC HOUSING share price has moved up from Rs 298.8 to Rs 406.4, registering a Gain of Rs 107.6 or around 36.0%.

Overall, the S&P BSE SENSEX is up 51.1% over the year.

Current Valuations

At the current price of Rs 406.4, the price to earnings (P/E) ratio of LIC HOUSING stands at 13.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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LIC HOUSING Announces Quarterly Results (1QFY22); Net Profit Down 81.7% (Quarterly Result Update)

Jul 31, 2021 | Updated on Jul 31, 2021

For the quarter ended June 2021, LIC HOUSING has posted a net profit of Rs 2 bn (down 81.7% YoY). Sales on the other hand came in at Rs 49 bn (down 2.9% YoY). Read on for a complete analysis of LIC HOUSING's quarterly results.

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Jan 28, 2022 (Close)

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