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Add LIC Housing Finance Ltd For Target Rs. 765 by Yes Securities Ltd

Growth and Margins remain key monitorables’ Earnings higher on lower credit cost; disbursements in-line, margin contracts LIC HF delivered a material 8% beat on our PAT estimate on benign credit cost and asset quality improvement. NII/PPOP were marginally lower than our expectation with NIM dipping sequentially and opex being higher, even as the disbursement/loan portfolio growth were in-line with expectation and recoveries from written-off loans were larger. Disbursements stoo...

Add LIC Housing Finance Ltd For Target Rs. 765 by Yes Securities Ltd

Source: Yes Securities Ltd
2024-11-15 02:47:32 pm

Buy LIC Housing Finance Ltd For Target Rs.760 By Motilal Oswal Financial Services Ltd

Loan growth better but still muted; NIM declines 5bp QoQ * LICHF's 2QFY25 PAT rose ~12% YoY to ~INR13.3b (~11% beat). 1HFY25 PAT grew by ~5% and we expect 2HFY25 PAT to grow by 11% YoY. NII declined ~6% YoY to ~INR19.7b (in line). Interest income from recoveries in NPA accounts stood at ~INR860m in 2QFY25 (vs. INR900m in 1Q). * Opex grew ~20% YoY to INR3.1b (~11% higher than MOFSLe) and the costincome ratio rose ~225bp YoY to ~15% (PY: ~12%). PPoP at ~INR17.4b (in line) de...

Buy LIC Housing Finance Ltd For Target Rs.760 By Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd
2024-11-13 03:50:25 pm

LIC Housing Finance logs 12 pc net profit jump at Rs 1,329 crore in Q2

LIC Housing Finance Ltd on Monday reported 12 per cent increase in net profit at Rs 1,329 crore in Q2 FY25, from Rs 1,188 crore in the same period last year. The company clocked a 2.5 per cent growth in revenue at Rs 6,926 crore, from Rs 6,758 crore in the year-ago period, riding on stable growth in both home and project loan disbursements. The company expressed optimism for growth in the upcoming festive quarters, driven by a robust focus on affordable housing and rural infrastru...

LIC Housing Finance logs 12 pc net profit jump at Rs 1,329 crore in Q2

Source: IANS
2024-10-29 09:44:56 am

Stock of the day : LIC Housing Finance Ltd For Target Rs. 36 - Religare Broking

LIC Housing Finance Ltd * The financial space weakening is a prominent indicator, along with LIGHSGFIN implied signs of weakness. * Primarily stock revisits its downward gap created after opening on a lower edge, simultaneously failed to sustain to the levels forming bearish engulfing, * Fresh resistance at 100EMA and further follow on selling made it close below 200EMA * Stock shall continue with its weakness below 640-645 levels and Traders can consider buying puts to play for f...

Stock of the day : LIC Housing Finance Ltd For Target Rs. 36 - Religare Broking

Source: Religare Broking
2024-10-07 10:32:45 am

Buy LIC Housing Finance Ltd For Target Rs.860 By Motilal Oswal Financial Services Ltd

Weak operating performance; NIM contracts ~40bp QoQ Credit costs benign at ~20bp, aided by provision releases * LICHF's 1QFY25 PAT declined ~2% YoY to ~INR13b (in line). NII declined ~10% YoY to ~INR19.9b (8% miss). NII included NPA recoveries of INR900m (vs. INR2.3b in 4QFY24). * Opex grew ~8% YoY to INR2.6b, and the cost-to-income ratio rose ~2pp YoY to ~13% (vs. ~11% in 1QFY24). PPoP at ~INR17.7b (8% miss) declined ~12% YoY. * Reported yields and CoF stood at 9.8% and ~7.8%...

Buy LIC Housing Finance Ltd For Target Rs.860 By Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd
2024-08-21 11:56:37 am

Add LIC Housing Finance Ltd For Target Rs. 765 by Yes Securities

Growth and Yield key monitorables LIC HF reported higher than expected PAT mainly on lower provisions, as PPOP/NII were 4%/5% below our estimates. Disbursements were softer than expectations, GNPLs (incl. write-offs) rose in-line with typical seasonality and NIM witnessed a material fall (even on like-to-like basis) with the decline in portfolio yield. Lower credit cost was partially underpinned by provision releases on upgraded (backward flown) accounts. Soft disbursements and signific...

Add LIC Housing Finance Ltd For Target Rs. 765 by Yes Securities

Source: Yes Securities Ltd
2024-08-15 09:22:15 am

India's LIC Housing Finance posts fall in Q1 profit on higher costs

India's LIC Housing Finance reported a fall in first-quarter profit on Friday, as higher borrowing costs offset gains from steady home loan demand. The company, a unit of Life Insurance Corp of India, said its profit after tax for the three months ended June 30 fell nearly 2% to 13 billion rupees ($155.3 million). Home finance companies have seen strong demand for home loans on hopes of a rate cut later in the year, but higher borrowing costs impacted LIC Housing's bottomline. ...

India's LIC Housing Finance posts fall in Q1 profit on higher costs

Source: Reuters
2024-08-03 11:18:43 am

Below the Reaction quote on Union Budget 2024 by Shri. Tribhuwan Adhikari, MD & CEO, LIC Housing Finance “The Union Budget has put comprehensive focus on housing and rural development alongside the economic growth narrative. The allocation of ?2.66 lakh crore for rural infrastructure and the construction of 3 crore additional houses under the PM Awas Yojana in both rural and urban areas are complementary and would significantly boost housing demand. Rental hou...

Reaction quote on Union Budget 2024 by Shri. Tribhuwan Adhikari, MD & CEO, LIC Housing Finance

Source: LIC Housing Finance
2024-07-24 11:05:30 am

Buy LIC Housing Finance Ltd For Target Rs. 930 By Motilal Oswal Financial Services

Turning the corner with better predictability of earnings Asset quality improvement along with sectoral tailwinds the key enablers * LIC Housing Finance (LICHF) delivered a healthy FY24 where (except for muted loan growth) it reported a good improvement in NIM and credit costs. This led to an improved RoA of ~1.7% (vs. a decadal average of ~1.3% over FY14-FY23). * Loan growth was muted in FY24 primarily because of upgradations in the technology platform done by LICHF in 1HFY24. With the...

Buy LIC Housing Finance Ltd For Target Rs. 930 By Motilal Oswal Financial Services

Source: Motilal Oswal Financial Services
2024-07-11 12:17:31 pm

Buy LIC Housing Finance Ltd. For Target Rs. 790 - Motilal Oswal Financial Services

Operationally healthy quarter despite one-offs NIM rose ~15bp QoQ; sharp improvement in asset quality * LICHF’s 4QFY24 PAT declined ~8% YoY to ~INR10.9b (8% miss) due to oneoffs in opex and tax. FY24 PAT grew ~65% YoY to INR47.6b. 4QFY24 NII at ~INR22.4b (9% beat) grew ~12% YoY. PPoP grew ~9% YoY to ~INR19b. * Opex grew ~39% YoY to INR3.8b (32% above MOFSLe) and the cost-income ratio rose ~3pp YoY to ~17% (~14% in 4QFY23). Employee expenses rose ~INR600m QoQ, which included one...

Buy LIC Housing Finance Ltd. For Target Rs. 790 - Motilal Oswal Financial Services

Source: Motilal Oswal Financial Services
2024-06-30 03:11:19 pm

Stock of the day : LIC Housing Finance Ltd For Target Rs. 760 - Religare Broking Ltd

LIC Housing Finance Ltd * LICHSGFIN has registered a fresh breakout from the consolidation range which continued for over 4 months. * The breakout has accomplished with strong surge in volumes adding further confirmation to the breakout. * Following price pattern and volume activity we believe prevailing trend to strengthen further. * Traders can consider fresh longs in the mentioned range. Buy LIC Housing Finance Ltd CMP 719.30 Range 715-...

Stock of the day : LIC Housing Finance Ltd For Target Rs. 760 - Religare Broking Ltd

Source: Religare Broking Ltd
2024-06-14 10:57:35 am

Buy LIC Housing Finance Ltd For Target Rs.755 by Motilal oswal Ltd

Stable margins, loan growth remains moderate Earnings beat aided by largely stable NIM and controlled opex LICHF’s PAT jumped 142% YoY to ~INR11.6b (~6% beat) in 3QFY24 and 9MFY24 PAT surged 115% YoY to ~INR36.7b. PAT growth was driven by a largely stable NIM and controlled opex. NII at ~INR21b (7% beat) rose ~31% YoY. PPoP at ~INR18.8b (9% beat) grew ~39% YoY but declined 1% QoQ. The cost-income ratio remained stable QoQ at ~12% (vs. ~18% in 3QFY23). NIM contracted ~5bp QoQ...

RBI MPC reaction quote by Shri. Tribhuwan Adhikari, MD & CEO, LIC Housing Finance

Source: PR Agency
2024-02-09 03:38:25 pm

Below the Quote on RBI MPC reaction by Shri. Tribhuwan Adhikari, MD & CEO, LIC Housing Finance “The RBI's decision to maintain the repo rate at 6.5% is as expected. The rate-hike cycle pause coupled with the projected 7% GDP growth for FY25 gives an outlook of positivity. The effects of Government led infrastructure initiatives are visible nationwide and impacting housing demand positively, particularly in Tier-2 and Tier-3 cities. The Budget announcements...

Quote on RBI MPC reaction by Shri. Tribhuwan Adhikari, MD & CEO, LIC Housing Finance

Source: PR Agency
2024-02-08 05:15:14 pm

Hold LIC Housing Finance Ltd For Target Rs.540 - Prabhudas Lilladher Pvt. Ltd

LICHF saw a mixed quarter. PAT was a beat by 7.3% to PLe due to higher NII/NIM but loan growth remains muted at 4.8% YoY. While company expects a 10-15bps YoY compression in FY25E NIM owing to tight liquidity, we see a 37bps fall in NIM (calc.) from 3.0% to 2.6% since cost of bank borrowings (35% share) may further increase. Loan offtake has remained weak due to tech change and sprucing back-office capabilities. Company expects disbursals to pick-up in FY25, however, owing to stiff competitio...

Hold LIC Housing Finance Ltd For Target Rs.540 - Prabhudas Lilladher Pvt. Ltd

Source: PR Agency
2024-02-06 03:59:21 pm

LIC Housing to focus on affordable housing segment, take a call on project finance in FY25

Completing internal rejig, migrating to a new information technology (IT) platform and focusing on the affordable housing segment, LIC Housing Finance Ltd hopes to increase its loan book size by 15 per cent next fiscal, said a top company official. He also said the company is looking at cutting down the Rs 2,000 crore non-performing assets (NPA) under the project finance segment and will take a call on this business line next fiscal. The company was not focusing on the affordable ...

LIC Housing to focus on affordable housing segment, take a call on project finance in FY25

Source: IANS
2024-02-05 12:50:44 pm

Buy LIC Housing Finance Ltd For Target Rs.575 - Yes Securities

Another stable quarter drives earnings upgrade Disbursements bouncing back as branch operations stabilize Overall disbursements stood 35% higher over Q1 FY24 at Rs147bn, marking stabilization of branch operations on newly introduced tech/system changes. The bounce-back in originations was driven by HL and NHI (LAP) segments as new business activity in project finance and NHC segments remained low. Portfolio run-off was higher during the quarter owing to larger write-off (~Rs14-15bn incl...

Buy LIC Housing Finance Ltd For Target Rs.575 - Yes Securities

Source: Yes Securities Ltd
2023-12-04 03:04:30 pm

Buy LIC Housing Finance Ltd For Target Rs.550 - Motilal Oswal

Asset quality improves but loan growth still muted Earnings in line even as NIM moderates QoQ * LICHF reported a 2QFY24 PAT of ~INR11.9b (in line), which grew 290% YoY, driven by healthy NII growth (even as 2QFY23 had the lagged impact of transmission of interest rates) and in-line credit costs. * NII at ~INR21.1b (in line) rose ~81% YoY in 2QFY24, while PPOP at INR19b (5% beat) grew 100% YoY (but declined 5% QoQ). Cost-to-income ratio stood at ~12% (PY: ~22% and PQ: ~11%). * NIM ...

Buy LIC Housing Finance Ltd For Target Rs.550 - Motilal Oswal

Source: Motilal Oswal Financial Services Ltd
2023-11-26 09:31:59 am

Buy LIC Housing Finance Ltd For Target Rs.550 - JM Financial

Inline quarter; pick-up in growth to be key monitorable LICHF reported an inline quarter with PAT at INR 11.9bn (+288% YoY -10.2% QoQ) driven by healthy NII at INR 21.1bn (-4.7% QoQ, +81% YoY) and marginal increase in provisions to INR 4.1bn. Margins declined to 3.04%(-17bps QoQ) led by increasing cost of funds to 7.59% (+19bps QoQ) and yields declined to 9.68% (-5bps QoQ). Loan book stood at INR 2.78trn (+0.6% QoQ/ +6% YoY), driven by individual home loans (+1.6% QoQ/ +8.3% YoY) while dra...

Buy LIC Housing Finance Ltd For Target Rs.550 - JM Financial

Source: JM Financial Institutional Securities Ltd
2023-11-10 02:54:04 pm

LIC HFL`s Q2 FY2024 results Q2 FY2023-24 Profit after tax at Rs. 1188 crs, up by 290 % Y-o-Y

The Board of Directors of LIC Housing Finance Ltd. (BSE:500253; NSE: LICHSGFIN) announced its unaudited results for the second quarter ended on September 30, 2023, following its approval by the board of directors in a meeting held in Mumbai on November,01st, 2023. The results are as per the Indian Accounting Standards i.e., IndAS notifications issued by the Ministry of Corporate Affairs and National Housing Bank in April 2018. Performance highlights at a glance – Q2 FY...

LIC HFL`s Q2 FY2024 results Q2 FY2023-24 Profit after tax at Rs. 1188 crs, up by 290 % Y-o-Y

Source: PR Agency
2023-11-03 11:10:33 am

India's LIC Housing Finance beats Q2 profit view on loan demand

India's LIC Housing Finance reported a second-quarter profit on Wednesday that was slightly ahead of analysts' estimates on the back of healthy demand for housing loans. The company, a unit of Life Insurance Corp of India, said profit after tax more-than-tripled to 11.88 billion rupees ($142.72 million) during the quarter ended Sept. 30. Analysts had expected the company to report a profit of 11.66 billion rupees, according to LSEG data. Following a spate of interest rate hik...

India's LIC Housing Finance beats Q2 profit view on loan demand

Source: Reuters
2023-11-02 09:47:57 am

RBI MPC reactions : RBI`s decision to maintain the repo rate unchanged in today`s MPC meeting is on expected lines says Shri. Tribhuwan Adhikari, LIC Housing Finance

Below the Quote on RBI MPC reaction by Shri. Tribhuwan Adhikari, MD & CEO of LIC Housing Finance"RBI's decision to maintain the repo rate unchanged in today?s MPC meeting is on expected lines. The move demonstrates RBI's continued commitment to support growth and maintain economic stability. The steady interest rate environment will help us in keeping our offerings competitive and affordable. Overall, the move will improve the sentiments." Above views are of the...

RBI MPC reactions : RBI`s decision to maintain the repo rate unchanged in today`s MPC meeting is on expected lines says Shri. Tribhuwan Adhikari, LIC Housing Finance

Source: PR Agency
2023-10-06 04:53:50 pm

News

Add LIC Housing Finance Ltd For Target Rs. 765 by Yes Securities Ltd

Buy LIC Housing Finance Ltd For Target Rs.760 By Motilal Oswal Financial Services Ltd

LIC Housing Finance logs 12 pc net profit jump at Rs 1,329 crore in Q2

Stock of the day : LIC Housing Finance Ltd For Target Rs. 36 - Religare Broking

Buy LIC Housing Finance Ltd For Target Rs.860 By Motilal Oswal Financial Services Ltd

Add LIC Housing Finance Ltd For Target Rs. 765 by Yes Securities

India's LIC Housing Finance posts fall in Q1 profit on higher costs

Reaction quote on Union Budget 2024 by Shri. Tribhuwan Adhikari, MD & CEO, LIC Housing Finance

Buy LIC Housing Finance Ltd For Target Rs. 930 By Motilal Oswal Financial Services

Buy LIC Housing Finance Ltd. For Target Rs. 790 - Motilal Oswal Financial Services

Stock of the day : LIC Housing Finance Ltd For Target Rs. 760 - Religare Broking Ltd

Buy LIC Housing Finance Ltd For Target Rs.755 by Motilal oswal Ltd

Buy LIC Housing Finance Ltd For Target Rs.760 By Yes Securities

Buy LIC Housing Finance Ltd For Target Rs.700 By JM Financial Services

LIC Mutual Fund Asset Management announces Modification in SAI

RBI MPC reaction quote by Shri. Tribhuwan Adhikari, MD & CEO, LIC Housing Finance

Quote on RBI MPC reaction by Shri. Tribhuwan Adhikari, MD & CEO, LIC Housing Finance

Hold LIC Housing Finance Ltd For Target Rs.540 - Prabhudas Lilladher Pvt. Ltd

LIC Housing to focus on affordable housing segment, take a call on project finance in FY25

Buy LIC Housing Finance Ltd For Target Rs.575 - Yes Securities

Buy LIC Housing Finance Ltd For Target Rs.550 - Motilal Oswal

Buy LIC Housing Finance Ltd For Target Rs.550 - JM Financial

LIC HFL`s Q2 FY2024 results Q2 FY2023-24 Profit after tax at Rs. 1188 crs, up by 290 % Y-o-Y

India's LIC Housing Finance beats Q2 profit view on loan demand

RBI MPC reactions : RBI`s decision to maintain the repo rate unchanged in today`s MPC meeting is on expected lines says Shri. Tribhuwan Adhikari, LIC Housing Finance