HDFC Bank Q2 Net Profit seen up 29.8% YoY to Rs. 6,496.2 cr: ICICI Direct

ICICI Direct has come out with its second quarter (July-September’ 19) earnings estimates for the BFSI sector. The brokerage house expects HDFC Bank to report net profit at Rs. 6,496.2 crore up 29.8% year-on-year (up 16.7% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 14.5 percent Y-o-Y (up 1.3 percent Q-o-Q) to Rs. 13,463.8 crore, according to ICICI Direct.

Pre Provision Profit (PPP) is likely to rise by 18.2% Y-o-Y (up 0.5 percent Q-o-Q) to Rs. 11,202.7 crore.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.