Motilal Oswal expects HDFC to report net profit at Rs 2,374 crore down 10.8 percent year-on-year while net sales are expected to decrease by 9.7 percent Y-o-Y to Rs 2,900.3 crore.
Housing finance company HDFC is scheduled to announce with its March quarter earnings on May 13.
Research and broking firm Motilal Oswal expects HDFC to report a net profit of Rs 2,374 crore. Net Sales are expected at Rs 2,900.3 crore, the report added.
The numbers are not comparable on a YoY basis as the company will be giving out results with a different accountancy standard (IndAS).
Earnings before interest, tax, depreciation and amortisation (EBITDA) is likely to fall by 14.7 percent Y-o-Y (down 9.1 percent Q-o-Q) to Rs 2,595.3 crore.
According to a CNBC-TV18 Poll, net interest income is seen at Rs 3,079.3 crore against Rs 3,001.8 crore in the corresponding quarter of the previous year. On the other hand, net profit is seen at Rs 2,576.2 crore against Rs 2,846.2 crore.
Emkay Global Financial Services expects HDFC’s loan growth to remain healthy at ~17 percent backed by increasing market share in individual loans. The trend in sanctions in the affordable housing segment will continue to be crucial for future growth trends.
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