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Research
LIC Housing Finance - Q1FY13 Results First-Cut - Microsec Research
Posted On : 2012-07-24 06:09:45( TIMEZONE : IST )
LIC Housing Finance Ltd has announced its Q1FY13 result on 24th July 2012. The company's top line increased by 5.06% QoQ and 25.83% YoY to INR1746.45 crores. Whereas, bottom line decreased by 10.20% QoQ and 11.21% YoY to INR227.74 crores. Decline in Net Interest Income (NII) to INR350.5 crores in the first quarter of FY13 from INR361 crore in a year ago period coupled with High cost of capital (Finance cost increased by 8.75% QoQ and 37.13% YoY to INR1367.37 crores) and high provision (Increased by 1922% QoQ and 30.27% YoY to INR43.55 crores) have hit the company's profitability.
