X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
LIC HOUSING Announces Quarterly Results (3QFY19); Net Profit Up 21.4%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

LIC HOUSING Announces Quarterly Results (3QFY19); Net Profit Up 21.4%
Thu, 31 Jan

LIC HOUSING has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

LIC HOUSING Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Operating incomeRs m37,38141,98244,3885.7%18.7%
Other incomeRs m295444-90.2%-98.5%
Total revenuesRs m37,67642,02644,3925.6%17.8%
InterestRs m28,14831,38333,2996.1%18.3%
Gross Profit Rs m9,20810,57011,0594.6%20.1%
Other expensesRs m1,9373,1602,468-21.9%27.4%
Profit before taxRs m7,5667,4548,59615.3%13.6%
TaxRs m2,6551,7222,63352.9%-0.8%
Profit after taxRs m4,9115,7325,9634.0%21.4%
Gross profit margin %24.625.224.9
Effective tax rate%35.123.130.6
Net profit margin%13.113.713.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The bank's operating income (interest earned) during the quarter grew 18.7% on a year-on-year (YoY) basis. The interest expended was up by 18.3% YoY during the same period.
  • The bank's operating profit increased by 20.1% YoY during the quarter. Consequently, operating profit margins remained same and stood at 24.9% in 3QFY19.
  • Other income declined by 98.5% YoY during the quarter.
  • Net profit for the quarter increased by 21.4% YoY. Net profit margins during the quarter increased from 13.1% in 3QFY18 to 13.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 5.7% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 6.1% QoQ during the same period.
  • The bank's operating profit declined by 4.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.9% in 3QFY19 as against 25.2% in 2QFY18.
  • Net profit for the quarter increased by 4.0% QoQ, while net profit margins declined from 13.7% in 2QFY18 to 13.4% in 3QFY19.

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

LIC HOUSING Share Price Performance

Over the last one year, LIC HOUSING share price has moved up from Rs 534.4 to Rs 442.5, registering a Loss of Rs 91.9 or around 17.2%.

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 442.5, the price to earnings (P/E) ratio of LIC HOUSING stands at 9.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

Equitymaster requests your view! Post a comment on "LIC HOUSING Announces Quarterly Results (3QFY19); Net Profit Up 21.4%". Click here!

  

Related Views on News

LIC HOUSING Announces Quarterly Results (4QFY19); Net Profit Up 28.6% (Quarterly Result Update)

May 7, 2019 | Updated on May 7, 2019

For the quarter ended March 2019, LIC HOUSING has posted a net profit of Rs 7 bn (up 28.6% YoY). Sales on the other hand came in at Rs 47 bn (up 19.3% YoY). Read on for a complete analysis of LIC HOUSING's quarterly results.

LIC HOUSING Announces Quarterly Results (2QFY19); Net Profit Up 17.2% (Quarterly Result Update)

Nov 6, 2018 | Updated on Nov 6, 2018

For the quarter ended September 2018, LIC HOUSING has posted a net profit of Rs 6 bn (up 17.2% YoY). Sales on the other hand came in at Rs 42 bn (up 13.9% YoY). Read on for a complete analysis of LIC HOUSING's quarterly results.

CreditAccess Grameen IPO: Should You Apply to this Interesting Microfinance Play? (IPO)

Aug 7, 2018

Should you apply to the IPO of CreditAccess Grameen Ltd?

HDFC AMC IPO: Do Valuations Leave Enough on Table for Investors? (IPO)

Jul 20, 2018

Should you subscribe to the IPO of HDFC AMC Ltd?

IndoStar Capital Finance IPO: Is This NBFC Worth Betting On? (IPO)

May 8, 2018

Should you apply for the IPO of IndoStar Capital Finance?

More Views on News

Most Popular

3 Indian Stocks Replicating Amazon's Successful Strategy(The 5 Minute Wrapup)

May 10, 2019

The one critical element that has made Amazon a force to reckon with...

My Top 7 Stocks to Profit from Sensex 100,000(The 5 Minute Wrapup)

May 16, 2019

Tanushree Banerjee explains everything you need to know about the Rebirth of India and Sensex 100,000.

3 Stocks to Bet on to Become a 'Dividend Millionaire'(Profit Hunter)

May 14, 2019

As markets continue to rattle amid earning season, upcoming elections, volatile crude price and US China trade war, it's a great idea to add some stability to your portfolio by adding dividend stocks.

A Simple Checklist for Picking Great Dividend Stocks(Profit Hunter)

May 9, 2019

A filtered, neat list of high-dividend stocks with all this dirty work already done for you.

The Bitter Pill that Will Lay the Foundation for Sensex 100,000(The 5 Minute Wrapup)

May 14, 2019

These companies will help the Sensex more than double from current levels.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

LIC HOUSING SHARE PRICE


May 22, 2019 (Close)

TRACK LIC HOUSING

  • Track your investment in LIC HOUSING with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

LIC HOUSING - M&M FINANCIAL SERVICES COMPARISON

COMPARE LIC HOUSING WITH

MARKET STATS