HDFC is to declare its Q1FY08 results. According to CNBC-TV18 estimates, the company in quarter one of FY08 is expected to register PAT of Rs 368.55 crore versus Rs 296.8 crore, up 24.2% on YoY.
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HDFC Q1 PAT seen up 24.2% at Rs 368.55 cr
HDFC is to declare its Q1FY08 results. According to CNBC-TV18 estimates, the company in quarter one of FY08 is expected to register PAT of Rs 368.55 crore versus Rs 296.8 crore, up 24.2% on YoY.
Like this story, share it with millions of investors on M3
HDFC Q1 PAT seen up 24.2% at Rs 368.55 cr
HDFC is to declare its Q1FY08 results. According to CNBC-TV18 estimates, the company in quarter one of FY08 is expected to register PAT of Rs 368.55 crore versus Rs 296.8 crore, up 24.2% on YoY.
HDFC is to declare its Q1FY08 results. According to CNBC-TV18 estimates, the company in quarter one of FY08 is expected to register PAT of Rs 368.55 crore versus Rs 296.8 crore, up 24.2% on YoY.
During the corresponding quarters, its operating income is seen up 30.1% at Rs 1621 crore versus Rs 1245.7 crore.
Factors:
- HDFC can take advantage of reduced focus of banks on mortgages to gain mkt share - Leadership positioning expected to help it maintain disbursements growth at 25%-26% - As scale of operations increase, operating costs expected to be reduced - Treasury earnings expected to be robust - Spreads expected to be maintained at 2.1-2.2% as lending rates rise in line with cost of funds - NPAs expected to be low, as most of its loans are secured - Preferential issue of Rs 3100 cr & FCCB conversion expected to be book accretive going forward
