Dolat Capital has come out with its first quarter (April-June) earnings estimates for banking sector. The brokerage house expects HDFC Bank to report a 4 percent degrowth quarter-on-quarter (growth of 28 percent year-on-year) in net profit at Rs 1815.6 crore.
Net interest income is expected to increase by 1 percent Q-o-Q (up 24 percent Y-o-Y) to Rs 4320.2 crore, according to Dolat Capital.
Dolat Capital report on HDFC Bank
Net interest margin will see negligible decline while asset quality is expected to remain stable Q-o-Q. We expect loan and deposit growth of 24 percent Y-o-Y and 20 percent Y-o-Y, respectively.
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