Housing Development Finance Corporation's (HDFC) September quarter (Q2) numbers, announced on Thursday, are in line with the Street’s estimates to some extent.
Net profit grew 24.7 per cent year-on-year (YoY) to Rs 24.7 billion, against a Bloomberg analysts’ poll of Rs 24.3 billion. Even its loan book growth of 17 per cent to Rs 3.8 trillion was within the 17-21 per cent range in the last five quarters, though a tad lower than 18 per cent growth anticipated by analysts.
Net interest income (NII), too, grew 16 per cent YoY to Rs 26.3 billion. However, a sharp rise in expected