Turning the corner with better predictability of earnings

Company
26 Jun 2024
5 Min read 
  • LIC Housing Finance (LICHF) reported a healthy FY24 with improved NIM and credit costs.
  •  The company is expected to sustain disbursement momentum and improve loan growth in FY25.
  •  NIM is likely to moderate to 2.9%/2.7% in FY25/FY26.
  •  LICHF has seen asset quality improvement and is making efforts for stressed asset resolutions.
  •  The company's valuation reflects muted loan growth and NIM volatility.
  •  LICHF is a potential candidate for a valuation re-rating with higher loan growth.
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