HDFC Q3 PAT seen up 17% at Rs 1150 crore

MUMBAI: HDFC is likely to report a net profit of Rs 1,150 crore for the quarter ended December 2012, up 17.2 per cent, as against a net profit of Rs 981.3 crore in the corresponding quarter last fiscal, says ET Now poll.

Net interest income is seen at Rs 1,627 crore, up 19 per cent, from Rs 1,367 crore in the same period last fiscal. HDFC’s spreads are likely to remain healthy at about 2.2 per cent. Non-interest income is likely to grow 35-40 per cent, year-on-year, impacted by lower base.

Investment gains are likely at about Rs 100-110 crore. According to the poll, the dividend income likely is to moderate Quarter-on-Quarter. Asset quality is likely to remain healthy. Provisions are likely to be slightly higher due to recent norms.

Key factors to watch

Overall Loan growth and volume of loans disbursed

Spreads (Especially in individual loans)

Asset quality trends