Prabhudas Lilladher has come out with its fourth quarter (January-March) earnings estimates for the banking sector. The brokerage house expects HDFC Bank to report a 1.6 percent growth quarter-on-quarter (growth of 22 percent year-on-year) in net profit at Rs 2838.7 crore.
Net interest income is expected to increase by 2.3 percent Q-o-Q (up 17.7 percent Y-o-Y) to Rs 5828.9 crore, according to Prabhudas Lilladher.
Prabhudas Lilladher's Report on HDFC Bank:
HDFC Bank has been cautious on its approach to B/s growth but NII growth continues to be strong. We estimate PPOP growth of 23.5 percent YoY even as we expect opex to increase after bank has ramped up its employee base. Fee income is likely to remain tepid and will continue to lag B/s growth. Credit cost will remain under control, thereby, enabling PAT growth of 22 percent YoY.
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