 "Analysts at Edelweiss Securities expect the PAT to halve to Rs 1,973.4 crore during the quarter under review")
Mortgage-lender HDFC (Housing Development Finance Corporation) may report an up to 50 per cent year-on-year (YoY) decline in net profit for September quarter of FY21 (Q2FY21) on the back of below-par loan growth, lower dividend income, and possible higher discretionary provisioning.
The financier, which is slated to report its second quarter results on November 2, had reported a net profit of Rs 3,961.5 crore in the year-ago period. Sequentially, PAT stood at Rs 3,051.5 crore in June quarter of FY21. Profit before tax (PBT), meanwhile, was Rs 4,530 crore during Q2FY20 after a dividend income of Rs 1,074 crore. In Q1FY21,
