Sharekhan has come out with its third quarter (October-December’ 18) earnings estimates for the Banking & NBFC sector. The brokerage house expects HDFC Bank to report net profit at Rs. 5,439.9 crore up 17.2% year-on-year (up 8.7% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 20.4 percent Y-o-Y (up 5.6 percent Q-o-Q) to Rs. 12,421.4 crore, according to Sharekhan.
Pre Provision Profit (PPP) is likely to rise by 19.7% Y-o-Y (up 6.7 percent Q-o-Q) to Rs. 10,116.9 crore.
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