Kotak has come out with its fourth quarter (January-March’ 19) earnings estimates for the Banks/Diversified Financials sector. The brokerage house expects HDFC Bank to report net profit at Rs. 5,784.6 crore up 20.5% year-on-year (up 3.6% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 23 percent Y-o-Y (up 4.2 percent Q-o-Q) to Rs. 13,105.7 crore, according to Kotak.
Pre Provision Profit (PPP) is likely to rise by 21% Y-o-Y (down 0.8 percent Q-o-Q) to Rs. 10,689.7 crore.
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