Stable margins, loan growth remains moderate

Company
11 Mar 2024
5 Min read 
  • LIC Housing Finance reported strong earnings in 3QFY24, with PAT jumping 142% YoY.
  •  Stable margins and controlled operating expenses contributed to the earnings beat.
  •  Loan growth remained moderate, with the overall loan book growing 5% YoY.
  •  The company has finalized its ARC policies and plans to take stressed accounts to ARCs on a pilot basis.
  •  The management expects lower volatility in credit costs and provisions going forward.
  •  The stock has a favorable risk-reward profile with a target price of INR755.
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