Promoter/FII Holdings Promoters held 45.24 per cent stake in the company as of 30-Sep-2021, while FIIs owned 24.07 per cent, DIIs 14.96 per cent. Investment RationaleImproved housing sales should result in strong 19% YoY growth in disbursements, leading to 12% growth in AUM. NIMs are expected to show minor improvements this quarter, mainly due to the absence of significant accrued income reversals. As it already follows a policy of daily stamping of NPAs and upgradation to standard only on full repayment of overdue, LICHF should not be very affected by the RBI’s new NPA clarifications.
Suggestion For You:
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice. Financials
For the quarter ended 30-09-2021, the company has reported a Consolidated Total Income of Rs 4722.93 Crore, down -2.96 % from last quarter Total Income of Rs 4867.22 Crore and down -5.31 % from last year same quarter Total Income of Rs 4987.64 Crore. Company has reported net profit after tax of Rs 249.86 Crore in latest quarter.
The News Highlights
- LIC Housing Finance Share Price: Buy LIC Housing Finance, Target Price Rs 530: Emkay Global
- Check the latest News news updates and information about business, finance and more.
For Latest News Follow us on Google News
- Show all
- Trending News
- Popular By week