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Should you buy LIC Housing Finance post Q1 nos? Here's what analysts say

For the quarter under review, LIC Housing Finance's profit before tax (PBT) rose 21 per cent year-on-year (YoY) to Rs 1,017.67 crore.

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"We have been cautious on the company’s asset-quality profile for some time," said analysts with Emkay Global Financial Services.

Swati Verma New Delhi
Shares of LIC Housing Finance were trading flat with a positive bias in the afternoon deals on the BSE on Wednesday. The stock had settled over 8 per cent higher on Tuesday following its June quarter (Q1FY21) result announcement. 

For the quarter under review, LIC Housing Finance's profit before tax (PBT) rose 21 per cent to Rs 1,017.67 crore from Rs 840.89 crore in Q1FY20 while the net profit climbed 34 per cent to Rs 817.48 crore against Rs 610.68 crore in the year-ago period. 

Further, its net interest income (NII) rose marginally to Rs 1,220.61 crore in Q1FY21 from

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First Published: Aug 26 2020 | 12:48 PM IST

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