HDFC Q4 revenues seen up 11% to Rs 1831 cr

By Avni Raja, CNBC-TV18

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