HDFC Bank Q2 net profit seen up 24.74% to Rs 658.6 cr

HDFC Bank is set to announce its Q2FY10 results. According to CNBC-TV18 estimates, its net profit is expected to go up 24.74% to Rs 658.6 crore from Rs 527.98 crore, YoY.

Net interest income is seen going up 9.41% to Rs 2042.08 crore from Rs 1866.45 crore.

Q2 Expectations

Loan growth is likely to be muted due to a high base. NIM (net interest margin) is expected to be at 4.1% versus 4.2%. Non-interest income is expected to post 46% growth.

Particulars	Sept-09	Jun-09	Mar-09	Dec-08
Interest Earned / Operating Income	3991.89	4093.1	4250.83	4468.5
Interest on Advance	3010.22	3017.75	3097.17	3337.96
Income on Investment	959.58	1033.44	1126.39	1028.21
Interest on Balances	21.13	35.51	26.49	100.52
Others Interests	0.96	6.4	0.78	1.81
Other Income	1007.4	1043.65	1114.69	939.39
Total Income	4999.29	5136.75	5365.52	5407.89
Interest Expended	-2036.13	-2237.52	-2398.83	-2489.25
Operating Expenses	-1370.16	-1380.58	-1396.17	-1460.56
Payment/Provisions for Employees	-554.09	-559.34	-503.85	-582.14
Total Expenditure for Banks	-3406.29	-3618.1	-3795	-3949.81
Profit before Tax	1593	1518.65	1570.52	1458.08
Tax	-311.4	-253.72	-282.23	-304.55
Provisions and Contingencies	-594.14	-658.82	-657.41	-531.79
Net Profit	687.46	606.11	630.88	621.74
Equity Capital	427.36	426.18	425.38	425.14