HDFC Q3 PAT seen up 9.9% at Rs 1253.1cr: ICICIdirect

ICICIdirect.com has come out with its October-December quarter (standalone) earnings estimates for the NBFC sector. The brokerage house expects Housing Development Finance Corporation (HDFC) to report a 1 percent degrowth quarter-on-quarter (up 9.9 percent Y-o-Y) in net profit at Rs 1253.1 crore.

Net interest income of Housing Development Finance Corporation is expected to increase by 10 percent Q-o-Q (up 8.7 percent Y-o-Y) to Rs 1604.2 crore, according to ICICIdirect.com.

ICICIdirect.com on Housing Development Finance Corporation:

A usual quarter, NII growth of 10 percent Q-o-Q to Rs 1640 crore due to seasonality of book. Regular provisions to continue with no major change in NPAs, thereby expect flat Q-o-Q profits at Rs 1253 crore. Gain on sale of CAMS stake held by HDFC may lead to furtherupside in profits.

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