INSUBCONTINENT EXCLUSIVE:
India's biggest mortgage financier Housing Development Finance Corporation (HDFC) is all set to announce its financial results for the
According to Kotak Institutional Equities, HDFC is likely to post a 44.70 per cent rise in adjusted profit after tax at Rs 2,250.60 crore
The company had made a net profit of Rs 1,555.70 crore in the same quarter last year
per cent loan growth and 10 basis points (bps) yoy NIM compression to 2.9 per cent to drive 13 per cent NII growth
Dividend income from HDFC Bank (Rs 520 crore) will boost yoy earnings
Brokerage firm Sharekhan projected a 37.20 per cent YoY growth in net profit for HDFC
It also sees 26.10 per cent annual increase in net interest income and 34.20 per cent jump in pre-provisioning profit.
The stock was trading
almost flat at Rs 2,043 at around 9.55 am
The benchmark Sensex was up 0.25 per cent at 37,429.
