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HDFC Bank Q1 net may grow 28% at Rs 1819.8 cr: Nirmal Bang

Nirmal Bang expects HDFC Bank to report a 3.7 percent growth quarter-on-quarter (growth of 28.4 percent year-on-year) in net profit at Rs 1819.8 crore.

July 17, 2013 / 12:09 PM IST
 
 
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Nirmal Bang has come out with its first quarter (April-June) earnings estimates for banking sector. The brokerage house expects HDFC Bank to report a 3.7 percent degrowth quarter-on-quarter (growth of 28.4 percent year-on-year) in net profit at Rs 1819.8 crore.


Net interest income is expected to increase by 0.8 percent Q-o-Q (up 24.2 percent Y-o-Y) to Rs 4328 crore, according to Nirmal Bang.


Pre-provisioning profit of the bank is likely to jump 1.9 percent Q-o-Q (17 percent Y-o-Y) to Rs 3,019.8 crore during April-June quarter.

 

first published: Jul 16, 2013 06:29 pm

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