Housing finance company HDFC's first quarter profit is expected to fall 7.3 percent year-on-year to Rs 1,733.7 crore but net interest income may increase 14.9 percent to Rs 2,562.1 crore, according to average of estimates of analysts polled by CNBC-TV18. Earnings will be announced on July 26.
Analysts feel interest accrual on few stressed accounts can impact net interest income growth. Non-convertible debentures aggregating to Rs 5,000 crore with a coupon of 1.43 percent has lapsed in March 2017.
Therefore, slight increase in cost of funds is seen due to replacement of the liability, according to analysts.
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