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HDFC Q3 earnings today: Here’s what to expect

HDFC will report its third quarter earnings numbers on Monday. Here's what to expect:

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By Abhishek Kothari  Jan 27, 2020 8:44:34 AM IST (Published)

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HDFC will report its third quarter earnings numbers on Monday. Here's what to expect:

  • There will be one-off income with respect to the stake sale that they did in Gruh Finance, so a fair value gain of about Rs 9,000 crore on which they will have 13 percent tax and whenever they have this kind of gain they make use of the proceeding 30 percent towards provisions.
  • It has assigned loan at Rs 4,260 crore when compared to a little under Rs 7,000 crore in the previous year to HDFC Bank.
  • The net interest income (NII) growth could be lower due to securitization income and therefore it could be lower year-on-year (YoY).
  • The net interest margin (NIM) could remain stable at and around 3.3 percent.
  • Assets under management (AUM) growth seen anywhere between 12 percent and 15 percent will be positive.
  • Their asset quality has largely been held below 1.4 percent.
  • A CNBC-TV18 poll suggests NII growth of 8 percent YoY while the profits could be up Rs 242.6 percent given their one-off income.
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