LIC Housing Finance Q4 PAT seen down 14.5% at Rs 269 cr

LIC Housing Finance is expected to report a profit after tax of Rs 269 crore in the fourth quarter of FY12, down 14.5% as compared Rs 315 crore in a year ago period, according to CNBC-TV18 poll.

Net interest income is seen going down by 10.5% at Rs 376.4 crore from Rs 420.4 crore year-on-year.
 
Factors
Margin decline due to slower growth in developer loans and rising cost of funds
Loan growth likely to be healthy at 25% driven by strong growth in the individual loan portfolio
Moderation in builder loan portfolio is likely to continue this quarter
Asset quality expected to remain stable QoQ
Provisioning will return to normalised rates (In Q3, LIC HF reversed excess provisions to the tune of Rs 79 crore, which is why PAT saw a jump in Q3)
Watch out for: Outlook on disbursements - especially builder loans, and movement in spreads and asset quality trends