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HDFC profit in quarter may lag estimates, says StarMine

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HDFC may lag consensus profit forecast for the October-December quarter. Reuters HDFC may lag consensus profit forecast for the October-December quarter. Reuters
SummaryHDFC to report a profit of Rs 12.63 billion, StarMine's SmartEstimates show.

HDFC (Housing Development Finance Corporation Ltd) may lag consensus profit forecast for the October-December quarter when it reports results on Wednesday, Thomson Reuters StarMine's SmartEstimates shows.

StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, expects HDFC Ltd to report a profit of 12.63 billion rupees ($205.07 million) for the quarter, compared with a consensus mean estimate of 12.84 billion rupees.

HDFC shares up 0.4 percent at 0832 GMT.

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