HDFC Bank Q3 PAT seen up 28.5% at Rs 1,399 cr

72282 Investors following HDFC Bank. Share this News with them.

0

Like this story, share it with millions of investors on M3

HDFC Bank Q3 PAT seen up 28.5% at Rs 1,399 cr

Private sector lender HDFC Bank is expected to report a profit after tax of Rs 1,399 crore in the third quarter of FY12, a massive growth of 28.5% as compared to Rs 1,087.8 crore in the corresponding quarter of last fiscal.

Post your opinion here

 

0

Tweet

Share on Tumblr

ALSO READ News and Notices about HDFC Bank See interviews with HDFC Bank Management See what other Experts & Brokerages are saying about HDFC Bank See previous Results of HDFC Bank

Private sector lender HDFC Bank is expected to report a profit after tax of Rs 1,399 crore in the third quarter of FY12, a massive growth of 28.5% as compared to Rs 1,087.8 crore in the corresponding quarter of last fiscal.

Net interest income is seen going up 14% to Rs 3,160 crore from Rs 2,767.7 crore during the same period.

Expectations

•          Loan growth to pick up to 24%

•          Deposit growth 26%

•          NIMs could see a slight decline of 10 bps - due to lagged impact of deposit re-pricing
>NIMs saw some compression in Q2 (4.1% Vs 4.2%) due to moderation in CASA ratio to 47.3% Vs 49.1%
>HDFC Bank still has one of the highest CASA ratios

•          Fee income expected to grow 20%

•          Asset quality likely to remain stable
>As a result provisioning expenses are likely to decline

•          Introduced several new charges from January 1, 2012
>This will boost their other income
>Higher fee & service charges likely to offset any pressure from further margin contraction

Other points

•          Exposure to stressed sectors is lower than peers

•          No exposure to SEBs

•          Power exposure (excl SEB): Rs 3700 Cr (2.1% of total loans)

•          0.5% exposure of MFIs