{"id":74270,"date":"2018-04-23T18:16:28","date_gmt":"2018-04-23T18:16:28","guid":{"rendered":"http:\/\/www.bnreport.com\/lic-housing-finance-q4-net-rises-2-yoy-to-rs-539-crore\/"},"modified":"2018-04-23T18:16:28","modified_gmt":"2018-04-23T18:16:28","slug":"lic-housing-finance-q4-net-rises-2-yoy-to-rs-539-crore","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/lic-housing-finance-q4-net-rises-2-yoy-to-rs-539-crore\/","title":{"rendered":"LIC Housing Finance Q4 net rises 2% YoY to Rs 539 crore"},"content":{"rendered":"

Mumbai: LIC Housing Finance<\/a> reported another quarter of muted growth with profit rising 1.9% during the three months ended March 31, 2018. <\/p>\n

During the quarter, the company reported profit of Rs 539 crore as against Rs 529 crore in the corresponding quarter in the previous year. <\/p>\n

The company saw overall loan growth of 15% while individual home loan<\/a> growth of 11%. Its margins improved to 2.49% from 2.39% a quarter ago. <\/p>\n

The companys net interest income- difference between interest earned and interest expended grew by 6%. <\/p>\n

\u201cLIC suffered twin blows in FY18 as it suffered massive re-pricing in its individual home loan book and at the same time, it lost market share to aggressive competitors,\u201d said Digant Haria analyst Antique Stock Broking<\/a>. \u201cWhile margin pressures may be over, we don't see immediate improvement in either growth or margins.\u201d <\/p>\n

Shares of the company rose 1.86% to Rs 550.20 on the BSE<\/a>. <\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

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ET Markets<\/a><\/h5>\n

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Mumbai: LIC Housing Finance reported another quarter of mute..<\/p>\n","protected":false},"author":1,"featured_media":74271,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-74270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nLIC Housing Finance Q4 net rises 2% YoY to Rs 539 crore - Business News Report<\/title>\n<meta name=\"description\" content=\"Mumbai: LIC Housing Finance reported another quarter of mute..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/lic-housing-finance-q4-net-rises-2-yoy-to-rs-539-crore\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LIC Housing Finance Q4 net rises 2% YoY to Rs 539 crore - 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