Three factors that add value to LIC Housing Finance

Despite the pressure on asset quality, there were some positive readings from the earnings

June 17, 2021 / 01:04 PM IST
Three factors that add value to LIC Housing Finance

LIC Housing Finance (CMP: Rs 491; Market Cap: Rs 24,800 crore) reported muted earnings in the fourth quarter of FY21 (Q4 FY21). Net profit declined by 5 per cent year-on-year (YoY) due to higher provisions. Asset quality deteriorated with stage III assets (non-performing assets) increasing sharply. Despite the pressure on asset quality, there were some positive readings on the capital, loan growth and margins front. (image) Capital-raising The lender announced the raising of capital through preferential allotment of 4.54 crore equity...

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