HDFC Q3 net seen up 13% at Rs 1289.5cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its October-December quarter earnings estimates for the financial sector. The brokerage house expects Housing Development Finance Corporation (HDFC) to report a 1.8 percent growth quarter-on-quarter (up 13.1 percent Y-o-Y) in net profit at Rs 1289.5 crore.

Net interest income of the company is expected to increase by 4.2 percent Q-o-Q (up 15 percent Y-o-Y) to Rs 1822.3 crore, according to Prabhudas Lilladher.

Prabhudas Lilladher on Housing Development Finance Corporation:

We expect PAT growth of 13 percent Y-o-Y due to capital gains. We expect NII growth of 14-15 percent for HDFC but we would like to highlight that incremental mortgage spreads have come off post the recent cut and there could be some pressure on NII going forward.