LIC Housing Finance (LICHF) net profit was up 2% YoY (4% higher than JMFe) due to higher than expected margins and lower credit costs. Key Highlights i) Disbursement grew by 15% YoY while Loan book grew 15% YoY supported by non-core segments - LAP (31% YoY) and developer segment (47% YoY) while individual segment remained muted 11% YoY. Proportion of non-core segments has now increased to 19.2% vs. 16.4% YoY ii) Calc. spreads declined 45bps YoY to 1.50% driven by 78bps YoY decline in yields and higher slippages during the year. To tackle the decline in yields, company has now increased its lending rates by 20bps in April 2018 iii) Company has increased its processing fees across...