At a time when the non-banking finance company (NBFC) sector is in a deep distress, HDFC is likely to standout when it reports its June quarter results for 2019-20 (Q1FY20) on Friday, August 2, analysts say. This, they believe, will be possible due to an improvement in assets under management (AUM) and a stable asset quality. On an average, analysts see the housing finance company report up to 50 per cent rise in the net profit (PAT) for the recently concluded quarter.
Analysts at ICICI Securities, for instance, peg the PAT at Rs 3,257.5 crore, up 49 per cent YoY