HDFC Bank Q1 Net Profit seen up 17% YoY to Rs. 7,796 cr: Sharekhan

Sharekhan has come out with its first quarter (April-June’ 21) earnings estimates for the Banking sector. The brokerage house expects HDFC Bank to report net profit at Rs. 7,796 crore up 17% year-on-year (down 5% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 6 percent Y-o-Y (down 3 percent Q-o-Q) to Rs. 16,636 crore, according to Sharekhan.

Pre Provision Profit (PPP) is likely to rise by 17% Y-o-Y (down 3 percent Q-o-Q) to Rs. 15,026 crore.

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