Page 2 - Lic Housing

LIC Housing: Interest margins improve, but asset quality is key

The sharp increase in gross NPAs reflect stress in its loan against property business.

LIC Housing: Current valuation offers better risk-reward

While strong parent support and transformation of loan book to floating rate is positive, asset quality concern is key

LIC Housing: Rising share of non-retail loans perceived to be riskier

Valuations attractive but Street to keep eye on slippages

LIC Housing: Should you buy into correction?

Things have lately not been in favour of LIC Housing given that the stock has lost momentum after it peaked at Rs 794 in August with the decline accentuating post its September quarter (Q2) results declared on October 30. Now trading at Rs 601, LIC Housing has corrected 24 per cent since its peak and is among the underperformers in the recent times. The question is, how much pain really entail for investors and whether the selling seen in the counter is overdone?Operationally, Q2 was disappointing on most fronts, except that it managed to curb its loan loss provisioning after June quarter's heavy spike. Net interest income, the difference between interest earned and interest expended, grew at a crawling pace of 2.5 per cent year-on-year even despite a 15.5 per cent increase in its loan book. The unsettling factor is the dip in profitability or net interest margin (NIM) from 2.7 per cent a year ago to 2.4 per cent in Q2. While even historically LIC Housing hasn't earned the NIMs ...

LIC Housing Q4 net up 18%

Net profit from 2016-17 rose 16 per cent to Rs 1,931 crore from Rs 1,660 crore in 2015-16

LIC Housing: Benefiting from lower cost of funds

Consumer business moderated, but net interest margin strong on lower cost of funds, changing loan-mix