LIC Housing Fin Q2 PAT seen up 22% at Rs 296cr: P Lilladher
According to Prabhudas Lilladher, LIC Housing Finance to report a 4.8 percent degrowth quarter-on-quarter (up 21.7 percent Y-o-Y) in net profit at Rs 295.7 crore.
October 29, 2013 / 16:48 IST
Prabhudas Lilladher has come out with its second quarter (July-September) earnings estimates for the banking and financial services sector. The brokerage house expects LIC Housing Finance to report a 4.8 percent degrowth quarter-on-quarter (up 21.7 percent Y-o-Y) in net profit at Rs 295.7 crore.
Sales are expected to decrease by 0.2 percent Q-o-Q (up 28.3 percent Y-o-Y) to Rs 453.7 crore, according to Prabhudas Lilladher.Prabhudas Lilladher's Report on LIC Housing Finance:The broking firm expect spreads to come off by 5bps Q-o-Q as most of the re-pricing was done by Q1FY14.The key remains incremental mortgage spreads, which remain weak and with no pick-up in builder disbursements expected, the firm expect some more pressure on spreads in H2FY14. Some recoveries could be expected of the builder book either in Q2 or Q3.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
