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HDFC Bank Q2 PAT seen up 24% at Rs 1938.2 cr: P Lilladher

According to Prabhudas Lilladher, HDFC Bank may report a 5.1 percent growth quarter-on-quarter (growth of 24.2 percent year-on-year) in net profit at Rs 1,938.2 crore.

October 15, 2013 / 10:03 AM IST
 
 
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Prabhudas Lilladher has come out with its second quarter (July-September) earnings estimates for the banking sector. The brokerage house expects HDFC Bank to report a 5.1 percent growth quarter-on-quarter (up 24.2 percent year-on-year) in net profit at Rs 1,938.2 crore.


Net interest income is expected to increase by 3 percent Q-o-Q (up 21.9 percent Y-o-Y) to Rs 4,550.6 crore, according to Prabhudas Lilladher.


Prabhudas Lilladher's Report on HDFC Bank:


Likely to miss on the 30 percent Y-o-Y PAT growth in Q2FY14; we expect 24 percent PAT growth. NIM impact should be limited, given retail funding but slow loan growth (19 percent Y-o-Y) and fee growth (13 percent Y-o-Y) will lead to revenue slowdown and with credit costs inching up from low levels, we expect PAT growth of 24 percent. Ex-CV guidance on asset quality is sanguine.

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first published: Oct 15, 2013 10:03 am

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