LIC Housing Finance Ltd's Q3FY19 standalone net profit rises 25.54% yoy to Rs596.30cr : In-line with Estimates

The company’s standalone NII stood at Rs1,042cr, up 41.38% yoy but down 1.69% qoq.

Jan 31, 2019 03:01 IST India Infoline Research Team

LIC Housing Finance Ltd Q3FY19

Standalone Results Q3FY19: (Rs. in cr)

Q3FY19 YoY (%)
NII 1,042 41.4
Net Profit (adjusted) 596.30 25.5

For Q3FY19, LIC Housing Finance's NII grew by 41.4% yoy to Rs1,042cr against Rs737cr in Q3FY18. The housing finance company’s standalone net profit came in-line with estimates, which has increased by 25.5% yoy to Rs596.3cr against Rs475cr. Its GNPA for Q3FY19 stood at 1.26%, up 39bps yoy. Its NNPA for Q3FY19 stood at 0.85%, up 36bps yoy.

  • Net Interest Margins came at 2.33% for Q3FY19 as against 2.35% for Q2FY19.
  • Individual Loans Gross NPAs stood at 0.93% as against 0.47% yoy.
  • Q3FY19 disbursements Rs12,778cr against Rs12,293cr up by 4% yoy.
  • Outstanding Loan portfolio up by 16% yoy to Rs1.82 lakh cr.
  • Individual Loan Portfolio up by 14% yoy to Rs 1.7 lakh cr.

Technical View:

LIC Housing Finance Ltd is currently trading at Rs. 441.90, up by 7.75 points or 1.79% from its previous closing of Rs. 434.15 on the BSE.
The scrip opened at Rs. 445.30 and has touched a high and low of Rs. 450 and Rs. 440.70 respectively. So far 11,28,434 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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