LIC Housing Finance (LICHSGFIN) Q4 FY24 Results Preview, LIC Housing Stock Price: LIC Housing Finance (LICHSGFIN) is all set to report its financial results for the quarter as well as the year ended March 31 on Wednesday, May 15. Analysts expect the Mumbai-headquartered housing finance company to stage a largely positive set of earnings for the fourth and final quarter of FY24 owing to a rise in credit cost and lacklustre growth in loan disbursements. 

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According to Zee Business research, LIC Housing Finance is estimated to register a standalone net profit of Rs 1,200 crore for the March quarter, which translates into an increase of 1.7 per cent compared with the corresponding period a year ago. The analysts expect the non-banking financial company (NBFC) to log a net interest income (NII), a key measure of revenue for lenders, of Rs 2,040 crore for the quarter ended March 31, marking an increase of 2.5 per cent on a year-on-year basis. 

LIC Housing Finance's loan growth in the fourth quarter of the last financial year is estimated to be in the tune of 5-7 per cent, according to the research. 

Zee Business analysts expect the NBFC's asset quality to remain largely stable, pegging its gross non-performing assets (GNPAs) as a percentage of total loans at 4.2 per cent for the March quarter as against 4.26 per cent three months ago. They estimate its net non-performing assets (NNPAs) at 2.2 per cent in the March quarter as against 2.24 per cent in the October-December period. 

The analysts expect LIC Housing Finance's net interest margin (NIM), a key measure of profitability for financial institutions, to stand in the range of 2.8-2.9 per cent.

LIC Housing Finance (LICHSGFIN) share price history

As of May 14, LIC Housing Finance shares have grown almost 66 per cent in a year, sharply outperforming gains of 21 per cent and 8.5 per cent in the Nifty50 and Nifty Financial Services indices, respectively. 

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