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LIC Housing Finance on Monday posted a 15 per cent jump in net profit at Rs 153.57 crore for the third quarter ended December 31, 2009 against Rs 134.33 crore in the corresponding quarter previous fiscal, the company said in a filing to Bombay St ock Exchange. Total income increased by around 15 per cent to Rs 880.46 crore from Rs 766.68 crore

LIC Housing Finance today said its net profit rose by 33.14 per cent to Rs 157.55 crore in the fourth quarter ended March 31, 2009.  The company had a net profit of Rs 118.09 crore in the same quarter ended March 31, 2008, LIC Housing Finance said in a filing to the Bombay Stock Exchange. Total income of the company surged to Rs 790.47 crore during the quarter under review, as against Rs 606.76 crore in the same quarter previous fiscal.     For the year ended March 31, the company recorded a net profit of Rs 531.62 crore from Rs 387.18 crore in the same period last fiscal, up by 37.30 per cent.  

LIC Housing Investors with some appetite for risk can accumulate the LIC Housing Finance stock with a medium- to long-term perspective. Among housing finance companies, if HDFC is the only stock worth investing in the large cap space, LIC Housing Finance is turning out to be the same amid mid-cap counters. This is also partly evident from the market's positive reaction given the stock's recovery ever since the market downturn in the mid-January 2008. After touching a 52-week high of Rs 403 in December 2007 and tanking to Rs 285 on January 21, 2008, the stock has bounced back to now Rs 359. Notably, valuations still look fair at the current levels but, given the current high inflation and firm interest rate scenario, the stock appears more suitable for investors with an appetite for risk and a medium- to long-term horizon. However, in a soft interest rate scenario, the company along with other players is well-placed to witness a higher demand for loans helped by its wide pre...

LIC Housing Finance Q3 net up by 38% (Business Standard 17th Jan 2008) LIC Housing Finance registered a 38 per cent rise in net profit to Rs 106.02 crore in the third quarter ended December 2007 compared with Rs 78.61 crore in the same quarter last year. Income from operations stood at Rs 534.35 crore in the quarter as against Rs 396.11 crore in the corresponding period of the previous year. The total income, including other income and income from operations, rose by 37 per cent to Rs 552 crore, as against Rs 404.10 crore in the corresponding period. The net interest income rose by 36 per cent to Rs 141 crore. Loan disbursals were up by 49 per cent at Rs 1,652 crore. More Allahabad Bank Q3 net profit rises by 28% (Business Standard 17th Jan 2008) Riding on robust interest income, Allahabad Bank has reported a 27.58 per cent rise in net profit at Rs 365.05 crore for the quarter ended December 31, 2007 as compared with Rs 286.13 in the corresponding quarter last financial year. The oper...