HDFC Bank Q1 Net Profit may dip 4.2% YoY to Rs. 11,541.3 cr: KRChoksey

KRChoksey has come out with its first quarter (April - June’ 24) earnings estimates for the Banking sector. The brokerage house expects HDFC Bank to report net profit at Rs. 11,541.3 crore down 4.2% year-on-year (up 25.5% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 1.1 percent Y-o-Y (up 21.1 percent Q-o-Q) to Rs. 23,601 crore, according to KRChoksey.

Pre Provision Operating Profit (PPOP) is likely to rise by 0.3% Y-o-Y (up 21.5 percent Q-o-Q) to Rs. 18,668.5 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.