HDFC Announce its First Quarter Results
Housing Development Finance Corporation (HDFC) is going to announce its results for the june quarter today. There are some forecast by the experts and researchers.
The Kotak Instituation Equities says that HDFC is likely to post a 44.70 per cent in adjusted profit after tax at Rs 2,250.60 crore for April-June. In the same quarter last Year the company had made a net profit of Rupees 1,555.70crore. The Net interest income (NII) and pre-provision profit may see a hike.
It is also projected that there would 18 per cent of loan growth and 10 basic points (bps) year over year net interest margin in comparison to 2.9 per cent to drive 13 per cent Net interest income growth.
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.
The popular brokerage firm Sharekhan has projected a 37.20 per cent year over year growth in net profit of HDFC, on the same there may be 26.10 per cent annual increase in net interest income and 34.20 percent in pre-provisioning profit.