State-run LIC Housing Finance will announce its fourth quarter (January-March) results on Monday. According to CNBC-TV18 poll estimates, the net profit is expected to rise by 13 percent year-on-year to Rs 359 crore and net interest income may jump 15 percent to Rs 529 crore during the quarter.
State-run LIC Housing Finance will announce its fourth quarter (January-March) results on Monday. According to CNBC-TV18 poll estimates, the net profit is expected to rise by 13 percent year-on-year to Rs 359 crore and net interest income may jump 15 percent to Rs 529 crore during the quarter. The PAT boost may be due to provision reversals, say analysts.
They see the company getting back Rs 22 crore on its teaser loans portfolio. In December quarter, it wrote back Rs 40 crore on its teaser loan portfolio.
Analysts believe the March quarter generally is the best in terms of business growth, asset quality and net interest margin but in December quarter, the company chose to focus on net interest margin as against asset growth. Hence, one needs to watch out for the same trend during March quarter.
Net interest margin may bounce back sequentially to 2.4 percent as against 2.16 percent in Q3FY14. The company did not make any changes in interest rates despite competitive pressures.
Spreads in December quarter fell only 6 basis points Q-o-Q to 1.16 percent which was a positive surprise.
Analysts feel total loan growth is likely to moderate to 15-16 percent Y-o-Y. Individual loans are likely to grow 15-17 percent with developer loans flattish Q-o-Q.
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LIC Housing Finance Q4 net seen up 13% to Rs 359 cr: Poll
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