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HDFC Bank Q1 net seen up 28% at Rs 1815.6 cr: Dolat Capital

Dolat Capital 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.

July 17, 2013 / 12:08 PM IST
 
 
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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.

first published: Jul 17, 2013 12:08 pm

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