Q4 Results: LIC Housing Finance Says Not Looking For Acquisitions
LIC Housing Finance Ltd. is not looking to acquire smaller companies amid ongoing crisis at non-bank lenders, but might purchase certain portfolios to boost its liquidity position going forward, its Managing Director and Chief Executive Officer Vinay Sah said.
“Things are not that good for smaller [housing finance] companies,” Sah told BloombergQuint regarding potential mergers in the industry. He, however, expects the liquidity situation of the NBFC sector to improve in the coming two to three quarters.
The housing finance company aims to grow its disbursements by over 15 percent in the financial year 2019-20, Sah said, adding that he expects good growth rate coming from tier-2 and tier-3 cities. The company, he said, expects to raise Rs 20,000 crore in the next couple of months.
Q4 Earnings Highlights (YoY)
- Net Interest Income climbs 21 percent to Rs 1,257.03 crore
- Net profit rises 16.7 percent to Rs 693.58 crore
- Disbursements jump 7 percent in the quarter, and 18 percent for FY19
- Disbursements for the quarter came in at Rs 2, 000 crore
Watch the full interview here:
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
