600.0000 -4.60 (-0.76%)
NSE Jun 13, 2025 15:31 PM
Volume: 3.1M
 

600.00
-0.76%
Prabhudas Lilladhar
LICHF saw a good quarter as PAT was a 7.2% beat since (1) NII was 8.5% ahead due to 16bps QoQ increase in NIM driven by reduction in funding cost and (2) provisions were lower due to 28bps QoQ reduction in stage-3 to 2.5%. Reported NIM for FY25 was 2.7% (3.1% in FY24) and despite likely repo cut of 75-100bps company sees NIM for FY26 to range between 2.6-2.8% as PLR would be trimmed only after repo cut translates to lower funding cost. However, we are factoring a NIM of 2.55% in FY26 given increased competition from banks in a falling rate...
LIC Housing Finance .. has an average target of 708.25 from 4 brokers.
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