Housing Finance Company HDFC's Fourth Quarter Profit

Housing finance company HDFC's fourth quarter profit on standalone basis is likely to fall 23.2 percent to Rs 2,003.2 crore compared with Rs 2,607.1 crore in same quarter last fiscal.

The profit in Q4FY16 was boosted by gain on sale of stake in HDFC Standard Life Insurance Company to Standard Life Mauritius Holdings.

Net interest income, the difference between interest earned and interest expended, may grow 15.3 percent year-on-year to Rs 2,846.4 crore in the quarter ended March 2017, according to average of estimates of analysts polled by CNBC-TV18.

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