HDFC Q4 net operating income seen at Rs 1600cr

By Avni Raja, CNBC-TV18

Housing finance company HDFC is set to report growth of 14% and 19% in its net profit & net operating income of January-March quarter 2011 as compared to a year ago period. According to CNBC-TV18 estimates, Housing Developement Finance Corporation is expected to report profit after tax of Rs 1,054 crore as against Rs 926 crore and net operating income of Rs 1,600 crore versus Rs 1,339 crore on year-on-year basis. Spreads are likely to remain above 2% and loan growth is expected around 20% in the quarter ended March 2011. Non interest income too is likely to show strong growth in same period.