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HDFC Q1 preview: Analysts see up to 50% rise in PAT, dip in provisions

Edelweiss Securities, however, expects a higher PAT at Rs 3,433 crore, up nearly 57 per cent YoY, on the back of one-time gain from stake sale in Gruh Finance

HDFC
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HDFC

Nikita Vashisht new Delhi
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

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