HDFC, India’s largest mortgage lender, will announce its September quarter results on Thursday.
Experts believe that the performance of retail loans and the agri portfolio, trends in digital banking payments and balance sheet growth outlook will be the key monitorables.
Brokerage Sharekhan expects the lender to report 30.5 per cent surge in net interest income (NII) to Rs 3,405.80 crore for the September quarter as compared to Rs 2,610.80 crore in the same quarter last year.
Profit after tax (PAT) is expected to rise 4.4 per cent to Rs 2,194.40 crore, from Rs 2,101.10 crore in the year-ago quarter.
“Amongst the better placed NBFCs to withstand margin and competitive pressures, impact of rising borrowing costs would be lesser for this highly rated company. The company has earned Rs 787 crore from stake sale in subsidiary via IPO,” Sharekhan noted in an earnings preview.
YOU MAY ALSO LIKE OUR FACEBOOK PAGE FOR TRENDING VIDEOS AND FUNNY POSTS CLICK HERE AND LIKE US AS INDIAROX