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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

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Lic Housing Finance Q3 Results

Hamsini Karthik 

LIC Housing Finance has missed the Street expectation by a reasonable margin in two successive quarters. The December quarter (Q3) results were more disappointing, with its net interest income (NII) dropping by about two per cent year-on-year to Rs 9 billion.

It led to another quarter of pronounced margin compression. However, the successive quarters of disappointment are well captured in LIC Housing’s stock price, which has corrected by about 30 per cent from its 52-week high of Rs 794 recorded in June 2017. But is the downside now protected? Analysts at Nomura who maintain ...

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First Published: Tue, January 30 2018. 09:12 IST
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