LIC Housing Finance Q3 Review - Asset Quality Refuses To Provide Any Respite: Prabhudas Lilladher
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Prabhudas Lilladher Report
LIC Housing Finance Ltd.’s Q3 FY21 earnings recorded healthy growth (6% YoY/3% QoQ)/ spread (2.26%) uptick led by 30% plus YoY increase in disbursements but the asset quality vulnerability remained stark.
The stressed pool stood at 4.68% comprising of gross non-performing asset at 2.68%, Supreme Court standstill at 1% and restructured book at 1%.
With negligible recoveries on developer side (no resolution yet on the two, three big ticket accounts), developer non-performing asset at 16% stays at elevated levels.
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