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LIC Housing Finance Share: LIC Housing Finance announced its results for the quarter ending March 2024, reporting a 7.5% year-on-year decline in net profit. It stood at Rs 1,091 crore, which was Rs 1,180 crore in the same period a year ago. Thus, there was a decline of 7.5% in net profit on year-on-year basis.

Its gross profit for the quarter ended March 2024 was slightly higher at Rs 1,476 crore compared to Rs 1,445 crore. LIC Housing Finance's total income stood at Rs 6,937 crore, up 8% from Rs 6,415 crore, while total expenses rose nearly 10% to Rs 5,461 crore from Rs 4,970 crore.

The company's board recommended 450% dividend for FY24. In other words, shareholders will get Rs 9 for each equity share of face value Rs 2, subject to their approval. Its promoter Life Insurance Corporation of India holds 45.25% stake in the company.

Shares of LIC Housing Finance closed 1.28 per cent lower at Rs 625.65 on Wednesday. This stock has given a return of 36 percent to its investors in the last six months, while in the last one year it has given a return of 58 percent.

The market cap of this company is Rs 34.66KCr and its dividend yield is 1.36 percent. The 52-week high of this stock is Rs 683, while the 52-week low is Rs 362.75.

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