Housing finance giant, HDFC is all set to announce its financial earnings report for the fourth quarter of FY23 on Thursday. NBFC players are likely to see better net interest income (NII) growth, however, PAT may register single digit growth. Asset quality looks stable. Accordingly, the focus will be on HDFC share price.
It may be noted that HDFC had already announced its business performance for the January-March 2023 period early last month.
In Q4FY23, the company disbursed personal loans 9,340 crore as against Rs. 8,367 crore in the corresponding quarter of the previous year. Had personal loans sold in the last 12 months 36,910 crores.
Furthermore, in Q4, the company saw gross income from dividends 207 crores. The net gain on fair value changes through the statement of profit and loss for the quarter was 269 cr.
What will be the financial report of HDFC in Q4FY23?
In its preview note, ICICI Direct said, “HDFC Ltd is expected to see loan growth of ~15% year-on-year 6,51,060 crore, owing to the healthy demand for home loans. Hence, growth in NII is to be seen at 15% YoY 5,024 crores. Despite competitive intensity, NIMs will remain largely stable. Provision for slight year-on-year decline Standalone profit grew by 6.3% YoY (4.8% growth QoQ) to ~ 391 Cr 3868 crores. A steady performance is expected from the subsidiaries.”
It is being said that brokerages expect HDFC to post NII 5,024.1 crore grew 15% YoY and 3.8% QoQ. while seen on PAT 3,868.3 Crore registering single digit growth of 4.5% YoY and 4.8% QoQ.
According to Prabhudas Lilladher, HDFC is expected to see stable quarterly-earnings led by better NII growth of 4.9% QoQ and 10.4% YoY. While asset quality metrics will remain stable with GNPA at 1.80%, credit cost will be <0.25%.
During Q3FY23, HDFC reports 13% growth in net profit 3,691 crore as compared to 3,260 crore in the year-ago quarter. nii stood 4,840 cr as against 4,284 crore over the previous year, registering a growth of 13%.
As on December 31, 2022, the Assets Under Management (AUM) was 7,01,485 crore as against 6,18,917 crore in the last year and personal loans comprise 82% of the AUM.
HDFC share price on Wednesday 2,788.70, down marginally from the previous session on BSE.
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