HDFC Q4 PAT likely to jump 8.5% YoY to Rs 1239 cr

Housing finance company HDFC is expected to report a growth of 8.5% year-on-year in its profit after tax of Rs 1,239 crore for the fourth quarter of FY12, according to CNBC-TV18 poll.

Net revenues are likely to increase by 11% to Rs 1,831 crore in the quarter ended March 2012 from Rs 1,655 crore in the corresponding quarter of last fiscal.

Highlights

Top-line and bottom-line likely to be muted due to large base effects.

HDFC will show muted growth in net profit as last year profits included a one-time gain from stake sale of Lafarge India

But core earnings will still see a strong growth

Investment gains estimated around Rs 98.6 crore versus Rs 130 crore (YoY)

Spreads are expected to remain largely stable - may see some pressure due to higher funding costs

18% growth in loans expected

Non interest income expected to remain moderate

Asset quality is expected to continue to be strong