Housing LIC Housing Finance Price Sheds 3 percent at the beginning of trading on June 16 a day after the company stated the Q4FY21 income.
The company on June 15 reported a 5 percent decline in profit after tax to Rs 398.92 Crore in the quarter ended March 2021 because the supply of higher traffic loans.
It has reported earnings after RS 421.43 Crore tax in last year’s period.
For FY20-21, net profit grew 14 percent to Rs 2,734.34 Crore by opposing Rs 2,401.84 Crore in the previous year.
During the quarter, the provisions reached Rs 1,000 Crore and total disbursement were at the RS 22,362 Crore at Q4 FY2021, up 97 percent due to RS 11,323 Crore in the period last year.
Net interest income (NII) rose 33 percent to Rs 1,505 Crore, due to RS 1,134 Crore for the same period in the previous year.
This is what broker said about stock and company after March quarter income:
Macquarie | Rating: Outperform | Target: RS 600
The company saw the highest disbursement, while NPL equates mood. There is a preferential allotment of RS 2,300 Equity Crore for LIC promoters and capital increases steps Welcome with growth seems to return.
CLSA | Ranking: Buy | Target: Increased to RS 700
CLSA has retained purchases on cheap assessments. Asset quality is a negative surprise and preferential allotment for LIC will reduce leverage to 9x from 10x.
Motilal Oswal: Ranking: Buy
The company was surprisingly positive on growth, spread, and overcoming capitalization problems in 4QFY21. However, the quality of assets is surprised negative.
Given his descendants, it has been able to increase debt capital with low rates, which must maintain healthy margins in a very competitive environment. Sharp pickup in disbursement is encouraging. Assessment at 1x P / BV is interesting.
At 9:28 HRS LIC financial housing quoted at Rs 509.90, down Rs 11.85, or 2.27 percent in BSE.
The highest touching stock of 52 weeks Rs 542.35 and the lowest 52 weeks Rs 255 on June 11, 2021 and July 16, 2020, respectively.
At present, it is traded 5.98 percent below 52-weeks and 99.96 percent above the lowest level of 52 weeks.