LIC Housing Finance Q3 Results Review - Good Quarter On Margins, Asset Quality: Yes Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.LIC Housing Finance Ltd.'s delivered net interest income/pre-provision operating profit/profit after tax beat of 4%/6%/3% on our estimates, notwithstandingmuted growth performance,augmentation of ECL coverage andone-off provision on alternative investment fund exposure.The operational performance was buoyed by margin resilience and asset quality improvement.Loan portfolio grew by modest at 1.2% QoQ/4.8% YoY with overall disbursements at Rs 151 billion (7% below expectation) and portfolio run-off being higher. Home Loan lumpsum pre-payment rate was elevated for second consecutive quarter.Home Loan disbursements were only marginally higher than preceding quarter (despite major festive season falling in Q3 FY24), reflecting gradual stabilization after significant changes in operational structure and tech/systems. Management was also averse to being aggressive at the cost of margins and asset quality..Click on the attachment to read the full report:.It's Time SEBI Brought These Five PSU Banks Under Additional Surveillance.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

LIC Housing Finance Q3 Results Review - Good Quarter On Margins, Asset Quality: Yes Securities

Strong margins and asset quality but meek growth .

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