LIC Housing Finance: Less than 10 PE

 https://youtube.com/shorts/ghhA4KR_mt4?si=_77MERgKvt2DKX20

  • LIC Housing Finance: Less than 10 PE
  • Q1 FY25 PAT at Rs.1300.21cr as against Rs 1323.66 cr 
  • Q1 FY25 Total Revenue from operations Rs.6783.67 cr as against Rs.6746.51 cr 
  • Outstanding Loan portfolio up by 4% to Rs. 2,88,665 cr 
  • Individual Home Loan Portfolio up by 7% to Rs. 2,46,275 Cr
  • Individual Home Loans 85.3%
  • Net Interest Margins 2.76% for Q1 FY25 as against 3.21% for Q1 FY24.
  • Net Profit After Tax stood at Rs. 1300.21 crs compared with Rs 1323.66 crs during the same period in the previous year, however sequentially it has increased by 19%
  • Speaking of the performance, Shri. Tribhuwan Adhikari, Managing Director & Chief Executive Officer of LIC Housing Finance Limited said, "Following the technology upgrades and organizational restructuring, we are now fully equipped to aim for faster growth especially in individual housing loan segment. The recent Union Budget has given a positive impetus to our sector with its continued focus on infrastructure development and affordable housing. It is expected to significantly enhance housing demand and foster socio-economic growth. In the current financial year, we also anticipate a gradual downtrend in interest rates, which will further accelerate demand in the sector."

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