Moneycontrol
Last Updated : Jan 29, 2018 12:59 PM IST | Source: CNBC-TV18

HDFC Q3 profit seen up 191% on one-time gain from stake sale, NII may rise 9%

Profits in Q3 may have a post tax income of Rs 3,675 crore, which is a one-time gain from stake sale in HDFC Standard Life Insurance.

Housing Development Finance Corporation (HDFC) is expected to report a whopping 191 percent growth year-on-year in profit at Rs 4,949.1 crore for December quarter against Rs 1,701.2 crore in year-ago quarter.

Analysts expect the lowest net interest income growth in last 7 quarters.

Net interest income during the quarter is seen rising 8.9 percent to Rs 2,850.1 crore compared to Rs 2,575.5 crore in same quarter last year, according to average of estimates of analysts polled by CNBC-TV18.

Key things to watch out:

Profits in Q3 may have a post tax income of Rs 3,675 crore, which is a one-time gain from stake sale in HDFC Standard Life Insurance.

Analysts said if net interest margin comes above 3.75 percent (3.9 percent in Q2), asset under management growth above 15 percent (18.3 percent in Q2) and gross non-performing assets below 1.2 percent (1.14 percent) then that would be considered positively by the Street.
First Published on Jan 29, 2018 12:57 pm
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