Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessEarningsHDFC Q2 profit may rise 7% to Rs 1,962 cr, gross NPA seen below 1.2%

    HDFC Q2 profit may rise 7% to Rs 1,962 cr, gross NPA seen below 1.2%

    Net interest income during the quarter is seen rising 14.9 percent to Rs 2,640.2 crore compared with Rs 2,297.2 crore in same quarter last fiscal, according to average of estimates of analysts polled by CNBC-TV18.

    October 30, 2017 / 13:31 IST

    Housing finance company HDFC is expected to report profit growth of 7.4 percent year-on-year at Rs 1,962 crore for the quarter ended September 2017.

    Profit in July-September quarter 2016 stood at Rs 1,826.5 crore.

    Net interest income during the quarter is seen rising 14.9 percent to Rs 2,640.2 crore compared with Rs 2,297.2 crore in same quarter last fiscal, according to average of estimates of analysts polled by CNBC-TV18.

    Key things to watch out for:-

    Analysts feel if net interest margin comes above 3.75 percent, asset under management growth above 15 percent and gross non-performing assets below 1.2 percent then that will be taken positively by the Street.

    first published: Oct 30, 2017 10:47 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347