Moneycontrol
Tune in on 17th July for the Small Business Virtual Summit with Cisco. Register now!
Last Updated : Oct 26, 2016 02:48 PM IST | Source: CNBC-TV18

HDFC Q2 profit seen up 13%, net interest income may grow 14%

India's largest housing finance company HDFC is expected to report a 13 percent growth in second quarter profit at Rs 1,812.4 crore on yearly basis, according to analysts polled by CNBC-TV18.


India's largest housing finance company HDFC is expected to report a 13 percent growth in second quarter profit at Rs 1,812.4 crore on yearly basis, according to analysts polled by CNBC-TV18.


Net interest income, the difference between interest earned and interest expended, is likely to grow by 13.9 percent year-on-year to Rs 2,284.7 crore in July-September quarter.


Key things to watch out for would be net interest margin, dividend income from HDFC Bank and asset quality.

Close

Analysts say if net interest margin comes above 3.75 percent (against 3.8 percent in Q1) and gross non-performing assets below 0.85 percent (against 0.75 percent in Q1) then that will be positive. They expect asset under managment growth at 15 percent YoY.

First Published on Oct 25, 2016 07:21 pm
Sections