ICICI Direct 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. 540.1 crore up 2.1% year-on-year (up 10% quarter-on-quarter).
Net Interest Income is expected to increase by 1.8 percent Y-o-Y (up 17.9 percent Q-o-Q) to Rs. 1058.4 crore, according to ICICI Direct.
ICICI Direct’s earnings estimates for LIC Housing Finance
For LIC HF, we expect loan traction of 15% YoY to continue with the loan book reaching Rs. 166,792 crore. NPAs have been on a rising trajectory in the last three quarters. With Q4 seasonally being a better quarter in terms of asset quality, we expect the GNPA ratio to be lower than 0.87% in Q3FY18. Margins are also a key factor to watch. We expect it at 2.5%. Muted NII and PAT growth as seen in last two quarters are estimated to continue in Q4FY18. PAT of Rs. 540 crore (up 2% YoY is estimated).
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!
Read More
