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
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