LIC Housing Finance Q1FY24 Results: Consolidated PAT of Rs. 1318.92 Cr

LIC faces Rs 290 Crore GST bill from Bihar tax department

LIC Housing Finance Q1 results show revenue up from 6431.23 crores to 6759.13 crores, a 5.10% increase in growth. EPS/rise from ₹21.65 to ₹23.98, up by 10.76%.

First, Let’s Begin with Quarter-on-Quarter Basis:

LIC Housing Finance shared its Q1 results on Thursday. They earned 6759.13 crores in revenue this quarter, but that’s more than the 6431.23 crores they made last quarter. The company’s growth increased by 5.10 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 1318.92 crores, up from 1190.78 crores in the previous quarter. Their quarter-to-quarter growth increased by 10.76 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹23.98, which is an increase of 10.76% from the ₹21.65 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 6759.13 crores this year (2023), which is 27.47 percent higher than last year’s total revenue of 5302.50 crores.

This year’s PAT (Profit After Tax) is 1318.92 crores, which is also 42.31% higher than last year’s PAT of 926.81 crores.

The EPS (Earnings Per Share) for this year is ₹23.98, which is 42.31% more than the EPS of ₹16.85 earned last year.

Also Read: Cummins India Q1FY24 Results: Consolidated PAT of Rs. 353.72 Cr

LIC Housing Finance Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About LIC Housing Finance:

LIC Housing Finance Ltd (LICHFL), established in 1989, is among the largest Housing Finance Companies in India. Its primary objective is to offer long-term financing solutions to individuals for purchasing or constructing residential houses/flats in the country.

Download the Full PDF of LIC Housing Finance Q1 Results: Click Here

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