|
11 Sep 2025 |
LIC Housing Finance
|
Consensus Share Price Target
|
562.70 |
665.11 |
- |
18.20 |
hold
|
|
|
|
|
08 Feb 2023
|
LIC Housing Finance
|
ICICI Securities Limited
|
562.70
|
415.00
|
386.25
(45.68%)
|
Target met |
Accumulate
|
|
|
LIC Housing Finance’s (LICHF) Q3FY23 performance was a mixed bag – with the much-awaited NIM expansion of 62bps QoQ to 2.42%, but surprising 27bps QoQ rise in credit cost to 1.15%. Higher provisions at Rs7.6bn during Q3FY23 (Rs5.7bn QoQ) was driven mainly by management intent to improve the coverage ratio on stage-3 assets.
|
|
07 Feb 2023
|
LIC Housing Finance
|
Prabhudas Lilladhar
|
562.70
|
410.00
|
376.10
(49.61%)
|
Target met |
Accumulate
|
|
|
|
|
08 Nov 2022
|
LIC Housing Finance
|
Geojit BNP Paribas
|
562.70
|
413.00
|
376.40
(49.50%)
|
Target met |
Hold
|
|
|
|
|
03 Nov 2022
|
LIC Housing Finance
|
Prabhudas Lilladhar
|
562.70
|
410.00
|
372.35
(51.12%)
|
Target met |
Accumulate
|
|
|
|
|
03 Nov 2022
|
LIC Housing Finance
|
ICICI Securities Limited
|
562.70
|
415.00
|
366.65
(53.47%)
|
Target met |
Accumulate
|
|
|
LIC Housing Finance’s (LICHF) erratic NIM behaviour across quarters makes it difficult to forecast its NIM trajectory with a reasonable degree of confidence.
|
|
08 Aug 2022
|
LIC Housing Finance
|
ICICI Securities Limited
|
562.70
|
490.00
|
379.20
(48.39%)
|
|
Buy
|
|
|
The trends that were being monitored and watched closely in LIC Housing Finance’s (LICHF) Q1FY23 earnings were NIM trajectory, retail growth momentum and restructured pool behaviour.
|
|
05 Aug 2022
|
LIC Housing Finance
|
Prabhudas Lilladhar
|
562.70
|
450.00
|
380.00
(48.08%)
|
|
Buy
|
|
|
|
|
22 May 2022
|
LIC Housing Finance
|
Yes Securities
|
562.70
|
500.00
|
377.65
(49.00%)
|
|
Buy
|
|
|
|
|
21 May 2022
|
LIC Housing Finance
|
Sharekhan
|
562.70
|
505.00
|
377.65
(49.00%)
|
|
Buy
|
|
|
|
|
29 Jan 2022
|
LIC Housing Finance
|
Motilal Oswal
|
562.70
|
460.00
|
385.35
(46.02%)
|
|
Buy
|
|
|
LICHF reported a PAT of INR7.67b (~60% beat) in 3QFY22, up ~6% YoY, driven by an all-round beat on NII (up 25% QoQ and 14% YoY; 12% beat), opex (down 21% QoQ; 3% lower than our estimate), and lower credit costs, which declined by 44% QoQ to INR3.56b (est. INR5b). There was a one-off impact of INR1.35b on interest income in 2QFY22 due to the EIR/IRR impact on the restructured loan pool. Adjusted for this, NII was up 12% QoQ. NIM improved by ~42bp QoQ to ~2.42% in 3QFY22, while core spreads declined to 1.83% in 9M (from 1.96% in 1HFY22)....
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