Earnings Alerts

LIC Housing Finance (LICHF) Earnings: 1Q Net Income Surges Past Estimates at 13 Billion Rupees

  • LIC Housing’s net income for Q1 is 13 billion rupees, which is a decrease of 1.8% year-on-year but beats the estimate of 12.35 billion rupees.
  • Revenue stands at 67.8 billion rupees, experiencing a small increase of 0.4% year-on-year.
  • Interest income is 67.4 billion rupees, up by 0.5% year-on-year.
  • Total costs have risen to 51.6 billion rupees, marking an increase of 1.2% year-on-year.
  • Finance costs surged by 5.7% year-on-year to 47.5 billion rupees.
  • Other income has fallen by 50% year-on-year, totaling 0.2 million rupees.
  • Investor sentiment includes 19 buy recommendations, 9 hold recommendations, and 4 sell recommendations.
  • Comparisons made are based on the company’s previously reported figures.

LIC Housing Finance on Smartkarma

Analysts on Smartkarma, including Ankit Agrawal, CFA, have recently provided positive coverage of LIC Housing Finance. Ankit Agrawal’s report titled “LIC Housing Finance (LICHF): Back on Track | All Set for a Strong FY25″ highlights how LICHF has overcome past operational challenges and is poised for significant potential growth. The company’s performance in Q4FY24, with substantial disbursements and improved asset quality, has boosted investor confidence.

In another report by Ankit Agrawal, CFA, titled “LICHF: FY24 PAT Is on Track to Be Strong | FY25 Will Be a Year of Robust Growth,” the focus is on LICHF’s resilience in the face of transitional obstacles in FY24 and the promising outlook for FY25. The emphasis on affordable housing as a growth driver and the continual improvement in asset quality signal a positive trajectory for LIC Housing Finance moving forward.


A look at LIC Housing Finance Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth3
Resilience2
Momentum3
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, LIC Housing Finance is looking at a promising long-term outlook. With a high Dividend score of 5, investors can expect good returns in the form of dividends. The Value score of 4 indicates that the company is seen as undervalued, presenting a potential opportunity for growth. However, the Resilience score of 2 suggests some vulnerability to market fluctuations, while the Growth and Momentum scores of 3 each signify moderate performance in terms of expansion and market momentum.

LIC Housing Finance Limited, a company that offers housing finance services across India, seems to have a solid foundation for growth with its strong emphasis on dividends and perceived undervaluation. Despite some concerns regarding resilience, the company’s overall outlook appears positive, backed by its established presence in the housing finance sector and diverse range of financial services offered to individuals and professionals.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars