LIC Housing Finance all set to report Q4 results today; here is what investors can expect from the NBFC
LIC Housing Finance (LICHSGFIN) Q4 FY24 Results Preview, LIC Housing Stock Price: LIC Housing Finance (LICHSGFIN) is estimated to register a 1.7 per cent year-on-year increase in standalone net profit to Rs 1,200 crore for the March quarter, according to Zee Business research. Here is what else you can expect from the Mumbai-headquartered NBFC.
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.
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.
Catch all the latest stock market updates here. For all other news related to business, politics, tech and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Understanding the Rule of 72: How a 12% return can double your Rs 5 lakh monthly SIP to Rs 10 lakh in 6 years
GMR Airports Infra and 4 more: Axis Direct recommends buying 5 stocks for 5-15 days | Check targets, stop losses
Top 7 ETF Mutual Funds With Highest SIP Returns in 5 Years: How Rs 21,000 monthly SIP has grown in each ETF over the years
RVNL, Bajaj Finserv and 5 more: Brokerage recommends buying these 7 stocks for up to 3 months | Check target, stop loss
SIP+SWP: Rs 20,000 monthly SIP for 16 years to get Rs 99,000 monthly income for 42 years; how is it possible?
SBI Senior Citizen FD Rates 2024: What you can get if you invest Rs 3 lakh, Rs 5 lakh, Rs 7 lakh, and Rs 9 lakh in 1-, 3-, and 5-year FDs
01:15 AM IST