BY MOHD YOUSUF
India's largest mortgage lender Housing Development Finance Corporation (HDFC) is set to announce its results for the quarter ended September 2010. According to CNBC-TV18 estimates, the company is expected to post net profit at Rs 800.15 crore as against Rs 663.94 crore, a growth of 20.51% on year-on-year basis (YoY).
Net interest income is seen going up 20.38% to Rs 1,140 crore from Rs 947 crore, (YoY).
Its net operating income is seen up 19.42% from Rs 1013.72 crore to Rs 1210.7 crore.
Q2FY11 expectations
* Loan growth of 22% expected
* 23% growth in NII led by strong disbursals during Q1FY11
* Retail business will continue to be strong
* Disbursements are expected grow at over 11%
* Spreads likely to come at 2.2%
India's largest mortgage lender Housing Development Finance Corporation (HDFC) is set to announce its results for the quarter ended September 2010. According to CNBC-TV18 estimates, the company is expected to post net profit at Rs 800.15 crore as against Rs 663.94 crore, a growth of 20.51% on year-on-year basis (YoY).
Net interest income is seen going up 20.38% to Rs 1,140 crore from Rs 947 crore, (YoY).
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Q2FY11 expectations
* Loan growth of 22% expected
* 23% growth in NII led by strong disbursals during Q1FY11
* Retail business will continue to be strong
* Disbursements are expected grow at over 11%
* Spreads likely to come at 2.2%
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