Housing Finance Companies Q2 Results Preview - Better Quarter With Pick-Up In Disbursals, NIM: PL Capital

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..PL Capital Report.For our coverage housing finance companies, assets under management could see 1.8% QoQ growth to Rs 3.5 trillion in Q2 FY25 (versus 0.9% in Q1 FY25) with disbursals likely to bounce back at 25.5% growth sequentially (versus -28.8% in Q1 FY25 as Q1 usually sees a drop due to seasonality). Housing segment for banks may grow by 2.4% QoQ. Disbursal run-rate of LIC Housing Finance Company Ltd. is the key monitorable given weak credit flows in the last few quarters. Net interest margin of coverage HFCs could improve QoQ to 3.14%. Hence, net interest income may inch up by 3.6% QoQ to Rs 26.5 billion..Other income might surge by 20.6% QoQ to Rs 1.4 billion, as Aavas Financiers Ltd. usually sees a jump in off-book income in Q2, which would be more than offset by opex increase of 8.4% QoQ to Rs 4.9 billion. Hence, pre-provision operating profit could increase by 3.5% QoQ to Rs 23 billion. We see provisions normalizing to 44 bps (versus 21 bps in Q1 FY25) mainly due to LIC Housing Finance. Profit after tax might fall by 5.8% QoQ to Rs 15.3 billion..Click on the attachment to read the full report:.Consumer Sector Q2 Results Preview - A Mixed Bag, All Eyes On Festival, Wedding Season: PL Capital.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Housing Finance Companies Q2 Results Preview - Better Quarter With Pick-Up In Disbursals, NIM: PL Capital

Disbursal run-rate of LIC Housing Finance Company is the key monitorable given weak credit flows in the last few quarters, says the brokerage.

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Housing Finance Companies Q2 Results Preview - Better Quarter With Pick-Up In Disbursals, NIM: PL Capital

Disbursal run-rate of LIC Housing Finance Company is the key monitorable given weak credit flows in the last few quarters, says the brokerage.

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