HDFC Q2 PAT seen up 10.5% to Rs 1,272 cr: Poll

Housing finance company HDFC will declare its second quarter (July-September) earnings today. According to a CNBC-TV18 poll, analysts on an average expect profit after tax to grow 10.5 percent year-on-year to Rs 1,272 crore and net interest income to rise 16 percent to Rs 1,607 crore in the quarter gone by.

PAT will be affected by low non interest income, feel analysts.

Watch out net interest margin of the company in September quarter, which fell below 4 percent mark in June quarter at 3.9 percent.

Analysts expect asset quality to be maintained during the quarter while other income will be lower due to lower dividend income in the quarter gone by.

HDFC raised its retail prime lending rate (RPLR) by 25 basis points on August 22 to 16.65 percent. Hence, interest rates on home loans for upto 30 lakh increased to 10.4 percent from 10.15 percent and above 30 lakh loans' interest jumped to 10.65 percent from 10.4 percent.

Spreads are expected to be largely stable at 2.3 percent while loan growth is expected to be healthy at 19-20 percent.