HDFC Bank Q4 NII seen up 17% to Rs 3974 cr

HDFC Bank is to announce its fourth quarter FY13 results. According to the CNBC-TV18's estimates, the company's Q4 net interest income (NII) is seen up 17 percent to Rs 3974 crore versus Rs 3388 crore.

The company's PAT is seen up 30 percent to Rs 1890 crore versus Rs 1453 crore. NII growth amongst analysts is estimated between 14 to 20 percent but below the average of 22-25% they have clocked in previous quarters (Q1 NII was up 22 percent to Rs 3799 crore versus consensus of 25 percent growth) Margins will either be stable or moderate by 10 bps QoQ – similar to last quarter where NIMS fell to 4.1% versus 4.2% QoQ Loan growth is expected to be above industry average @ 25 percent YoY due to sustained healthy retail demand & deposit growth of 17-18 percent estimated Non-interest income will continue to be strong (Estimated growth of 28 percent YoY) led by healthy fee income of 15-19 percent YoY helped by a lower base. Also profit on sale of investments is expected this quarter versus an MTM loss of Rs 71.5 crore YoY –providing a cushion.