Housing finance company HDFC 's third quarter profit is expected to increase 11.7 percent year-on-year to Rs 1,426.7 crore, according to the average of estimates of analysts polled by CNBC-TV18. Profit growth may be impacted by deferred tax liability (DTL). Analysts expect DTL of Rs 90 crore for December quarter as against Rs 83.27 crore in Q2FY15 and Rs 74.4 crore in Q1FY15. Net interest income, the difference between interest earned and interest expended, may jump 14.1 percent to Rs 2,010 crore in the quarter ended December 2014 from Rs 1,762 crore in same quarter last fiscal.
Commentary on its insurance business (HDFC Life) and likely merger of HDFC Bank will be key things to watch out for. Non interest income (other income) of the company may get a boost of Rs 100 crore due to sale of stake in insurance business.
The company sold 0.95 percent stake in HDFC Life to Azim Premji Trust for Rs 199 crore. Loan growth is likely to be around 15 percent on yearly basis while gross non-performing loans (NPL) and net NPLs are likely to continue being stable during the quarter.
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