LIC Housing Finance Q4 Review - Improved Outlook On Net Interest Margin, Asset Quality: Yes Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.LIC Housing Finance Ltd. delivered a better-than-expected performance in Q4 FY22 with net interest income/pre-provision operating profit/profit before tax beat of 12%/14%/22%. Notably, this performance was aided by material net interest margin expansion (largely driven by cost of funds decline) and lower credit cost (underpinned by 15%/5% QoQ reduction in stage-II/stage-III assets).LIC Housing Finance's collection efficiency was strong through the quarter (March at 99%) and there were significant non-performing loan recoveries in builder/high-value loan segments. Stage-II expected credit loss coverage was maintained while stage-III coverage was raised. Portfolio construct has reverted to pre-pandemic level and expected credit loss coverage is better, which provides visibility of moderate credit cost for coming quarters..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

LIC Housing Finance Q4 Review - Improved Outlook On Net Interest Margin, Asset Quality: Yes Securities

LIC Housing Finance Q4 Review - Improved Outlook On Net Interest Margin, Asset Quality: Yes Securities

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