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Jul 24, 2012, 01.07 PM IST
LIC Housing Finance, a subsidiary of Life Insurance Corporation, is set to announce its results for the quarter ended June 2012. Analysts on an average expect profit after tax to grow by 10% year-on-year and 11% quarter-on-quarter to Rs 282 crore during the quarter
Net interest income is seen going up by 12% YoY and 9% QoQ to Rs 406 crore during the June quarter. Analysts expect loan growth of more than 20% led by retail in first quarter of FY13. In the previous quarter, overall loan growth of the housing finance company was at 19% with retail at 22.6%.[ Cost of funds is expected to remain stable quarter-on-quarter. In the March quarter, cost of funds fell by 19 basis points QoQ, helping margins to expand 17 basis points QoQ to 2.44%, but net interest margin went down by 100 basis points YoY. Margin is expected to be stable to marginally lower QoQ due to stable cost of funds and seasonality.
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