Edelweiss has come out with its fourth quarter (Jan-March’ 18) earnings estimates for the Banking & Financial Services sector. The brokerage house expects LIC Housing Finance to report net profit at Rs. 529.7 crore up 0.1% year-on-year (up 7.9% quarter-on-quarter).
Net Interest Income (NII + OI) is expected to decrease by 5.4 percent Y-o-Y (up 8.4 percent Q-o-Q) to Rs. 1,032.7 crore, according to Edelweiss.
Edelweiss’ earnings estimates for LIC Housing Finance
Individual loan growth to improve momentum and we expect it to track 15-16% plus growth YoY; Asset quality following seasonality will see a decline QoQ; pending resolution in corporate loan book will be key monitorable.
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