KR Choksey 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. 5,466 crore up 9.2% year-on-year (down 1.8% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 13.9 percent Y-o-Y (up 0.8 percent Q-o-Q) to Rs. 13,398 crore, according to KR Choksey.
Pre Provision Profit (PPP) is likely to rise by 17.7% Y-o-Y (up 0.1 percent Q-o-Q) to Rs. 11,159 crore.
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