INSUBCONTINENT EXCLUSIVE:
Saturday.
PhillipCapital expects the private lender to report net profit at Rs 6,234.5 crore, up 24.5 per cent YoY
It sees a 12 per cent growth in profit sequentially.
Net interest income (NII) is seen at Rs 13,410.8 crore, up 14 per cent year-on-year
The slippages could come in at Rs 4,500 crore, showing a rise of 37 per cent
Net interest margin (NIM) is seen at 4.3 per cent, the brokerage said.
HDFC Bank has been consistent with growth both in terms of earnings
Due to its earnings visibility, the Street has rewarded the stock, which has jumped 16 per cent so far this year
The scrip gained 0.7 per cent on Friday to Rs 1,229.20, ahead of earnings.
Edelweiss Securities expects NII for the bank at Rs 18,498.5
crore, up 17.2 percent YoY amd 1.3 per cent, sequentially
The Pre-provision operating profit will likely be at Rs 11,197.3 crore, up 18.1 per cent YoY, it said.
Asset quality trend will likely
Besides, loan growth may come in above the industry growth, implying continued market share gains
Core revenue momentum will likely improve
26 per cent YoY and 13.6 per cent QoQ.
Emkay Research also expects profit to be in excess of Rs 6,000 crore, a growth of 22 per cent YoY
It pegs NII at Rs 13,927.8 crore, up 18.4 per cent annually and 4.8 per cent sequentially.
The research house expects NIM to be constant at
The bank will be a beneficiary of corporate tax rate cut; however, may take a hit on DTA of Rs 1,200 crore in this quarter