LIC Housing Finance Q1 PAT seen up 10% at Rs 282 cr

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

July 24, 2012 / 13:07 IST

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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.

first published: Jul 24, 2012 10:00 am

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