Prabhudas Lilladher has come out with its fourth quarter (January-March’ 21) earnings estimates for the BFSI sector. The brokerage house expects HDFC Bank to report net profit at Rs. 8,684.7 crore up 25.4% year-on-year (down 0.8% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 15.6 percent Y-o-Y (up 7.7 percent Q-o-Q) to Rs. 17,578.2 crore, according to Prabhudas Lilladher.
Pre Provision Profit (PPP) is likely to rise by 14.2% Y-o-Y (down 2.6 percent Q-o-Q) to Rs. 14,795.1 crore.
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.
Read More
