LIC Housing Finance Q3 PAT seen down 10% at Rs 235 cr

LIC Housing Finance's profit after tax is likely to fall 10.2% to Rs 235 crore in the third quarter of FY12 as against Rs 213.5 crore in a year ago quarter.

January 30, 2012 / 12:37 IST

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LIC Housing Finance's profit after tax is likely to fall 10.2% to Rs 235 crore in the third quarter of FY12 as against Rs 213.5 crore in a year ago quarter.

During the same period, net interest income is seen going down 3% to Rs 340 crore from Rs 352.2 crore.

Expectations

- Strong loan growth of 27% expected

- Individual loan portfolio likely to remain strong

- Growth in builder loan portfolio expected to be moderate further

- Spreads would remain under pressure due to
* Decline in proportion of builder loans
* Increase in cost of funds

- Asset quality expected to remain healthy

- Provisions likely to decline sharply
* In Q3FY11 - provided Rs 240 crore for teaser loans
* Last quarter provided Rs 210 crore on account of asset provisioning as mandated by NHB

first published: Jan 30, 2012 10:45 am

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