Lic housing finance declared 1st qtr result today. A good set of numbers after long time. Figure should be compared YOY and not QOQ, as 4th qtr always distorts the picture. YoY income gone up by 30% and PAT gone up by 45%. EPS comes to 24, which would have been 30 but for impairment of financial instrument amounting to 360 cr. Management should come clean on this in tomorrow’s analyst meet. Last year this amount was 1900 cr. Imagine this on a equity of 110 cr. If this is sorted out, the share may fly and achieve its past glory.
NB- I am invested in this stock, so my view may be treated as biased.
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