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LIC HOUSING Announces Quarterly Results (4QFY18); Net Profit Up 1.9%

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LIC HOUSING Announces Quarterly Results (4QFY18); Net Profit Up 1.9%
Fri, 20 Jul

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

LIC HOUSING Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Operating incomeRs m36,42937,38139,0104.4%7.1%
Other incomeRs m19029533212.5%74.6%
Total revenuesRs m36,61937,67639,3414.4%7.4%
InterestRs m25,69928,14828,4311.0%10.6%
Gross Profit Rs m10,7059,20810,55214.6%-1.4%
Other expensesRs m2,8341,9372,49728.9%-11.9%
Profit before taxRs m8,0617,5668,38710.9%4.0%
TaxRs m2,7692,6552,99412.8%8.1%
Profit after taxRs m5,2924,9115,3939.8%1.9%
Gross profit margin %29.424.627.1
Effective tax rate%34.435.135.7
Net profit margin%14.513.113.8
* 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 7.1% on a year-on-year (YoY) basis. The interest expended was up by 10.6% YoY during the same period.
  • The bank's operating profit declined by 1.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 27.1% in 4QFY18 as against 29.4% in 4QFY17.
  • Other income increased by 74.6% YoY during the quarter.
  • Net profit for the quarter increased by 1.9% YoY. Net profit margins during the quarter declined from 14.5% in 4QFY17 to 13.8% in 4QFY18.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 4.4% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 1.0% QoQ during the same period.
  • The bank's operating profit increased by 14.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.1% in 4QFY18 as against 24.6% in 3QFY17.
  • Net profit for the quarter increased by 9.8% QoQ, while net profit margins increased from 13.1% in 3QFY17 to 13.8% in 4QFY18.

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 751.0 to Rs 508.6, registering a Loss of Rs -242.4 or around 32.3%.

Overall, the S&P BSE SENSEX is up 0.5% over the year.

Current Valuations

At the current price of Rs 508.6, the price to earnings (P/E) ratio of LIC HOUSING stands at 12.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

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