Dolat Capital has come out with its October-December earnings estimates for the banking sector. The brokerage house expects HDFC Bank to report a 12.4 percent growth quarter-on-quarter (up 19.8 percent Y-o-Y) in net profit at Rs 2,227.3 crore.
Net interest income of HDFC Bank are expected to increase by 6.7 percent Q-o-Q (up 20 percent Y-o-Y) to Rs 4778 crore, according to Dolat Capital.
Dolat Capital on HDFC Bank:
NIM to see moderate improvement Q-o-Q, post the sharp 30bps Q-o-Q decline in Q2.
Asset quality expected to remain stable Q-o-Q.
We expect loan and deposit growth at 18 percent Y-o-Y and 16 percent Y-o-Y respectively, to be better than in Q2.
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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
