Moneycontrol
Oct 19, 2016 03:11 PM IST IST | Source: CNBC-TV18

LIC Housing Finance Q2 profit seen up 17%, NII may grow 20%

LIC Housing Finance is likely to report a 17.2 percent growth year-on-year in second quarter profit at Rs 482.6 crore against Rs 411.7 crore, according to consensus estimates.


LIC Housing Finance is likely to report a 17.2 percent growth in second quarter profit at Rs 482.6 crore against Rs 411.7 crore in year-ago period, according to consensus estimates.


Net interest income, the difference between interest earned and interest expended, is seen rising 19.5 percent to Rs 857.1 crore in the quarter ended September 2016 compared with Rs 716.9 crore in same period last year.

Analysts say if loan growth comes above 15 percent, net interest margin above 2.6 percent and gross non-performing assets below 0.7 percent then that would be taken positively by the street.

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