LIC Housing, one of India’s largest housing finance companies, reported absolutely flat Sep-20 quarter top line sales revenues at Rs4,977.34cr. Interestingly, the home finance segment was hardly affected by the pandemic, although the eventual impact on NPAs post the implementation of the SC verdict is yet to be known.
For the Sep-20 quarter, the operating profits were up 18.46% at Rs1010.80cr. The operating margin or OPM was also higher moving from 17.13% in the Sep-19 quarter to 20.31% in the Sep-20 quarter on the back of lower interest costs.
Profit after tax (PAT) for the Sep-20 quarter was up just 2.83% at Rs789.67cr. This resulted in PAT margins expanding slightly from 15.42% to 15.87% in Q2 on a yoy basis.
Financial highlights for Sep-20 compared yoy and sequentially
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LIC Housing |
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Rs in Crore |
Sep-20 |
Sep-19 |
YOY |
Jun-20 |
QOQ |
|
Revenues |
4,977.34 |
4,980.06 |
-0.05% |
5,011.50 |
-0.68% |
|
Operating Profit |
1,010.80 |
853.28 |
18.46% |
1,021.77 |
-1.07% |
|
Profit After Tax (PAT) |
789.67 |
767.95 |
2.83% |
824.08 |
-4.18% |
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Diluted EPS (Rs) |
₹ 15.65 |
₹ 15.22 |
|
₹ 16.33 |
|
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Operating Margins |
20.31% |
17.13% |
|
20.39% |
|
|
PAT Margins |
15.87% |
15.42% |
|
16.44% |
|
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