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Rebound in disbursal of loans may stabilise LIC Housing's profitability

LIC Housing kept pace with its 15 per cent loan growth yet again in Q3

Rebound in disbursal of loans may stabilise LIC Housing's profitability
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Hamsini Karthik
It is two successive quarters of LIC Housing Finance missing the Street expectation by a reasonable margin. December quarter (Q3) results were more disappointing, with net interest income (NII) dipping by about two per cent year-on-year to Rs 9 billion. It led to another quarter of pronounced margin compression. However, successive quarters of disappointment is 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 their buy rating on LIC Housing, say so. “We think

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First Published: Jan 31 2018 | 5:10 AM IST

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