LIC Housing's net interest margin cause for anxiety2 min read . Updated: 03 Nov 2022, 11:20 AM IST
- After a forgettable Q2, investors should track any further impact from the conversion of loans in the coming quarters.
Shares of LIC Housing Finance Ltd plummeted by 8.5% on Wednesday in reaction to its September quarter (Q2FY23) earnings. The company’s Q2 profit after tax stood at ₹305 crore, which is a 67% sequential drop. Profits are far below forecasts of analysts, paving the way for reductions in FY23 earnings estimates.
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