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LIC HFC Q3 PBT down 13% on a sharp rise in provisions for stressed loans
It had posted a PBT of Rs 745.32 crore in the third quarter ended December 2018 (Q3Fy19)
LIC Housing Q3 profit marginally falls to Rs 602 cr on high provisioning
The consolidated income in the third quarter of 2019-20 rose to Rs 5,006.12 crore, from Rs 4,465.76 crore in same period year ago
Lending rate hikes boost LIC Housing Finance's Q3 net by 26% to Rs 596 cr
The average lending rate stood at 10.45 per cent in the December quarter when the lender saw a reduction of 25 per cent in loan takeovers
LIC Housing likely to see its profitability stabilising from March quarter
If cost of funds remains sanguine, a rebound in disbursement of individual loans should arrest the company's falling profitability
