HDFC Bank Q1 Net Profit seen up 31% YoY to Rs. 12,051.3 cr: Prabhudas Lilladher

Prabhudas Lilladher 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. 12,051.3 crore up 31% year-on-year.

Net Interest Income (NII) is expected to increase by 20.6 percent Y-o-Y (up 0.6 percent Q-o-Q) to Rs. 23,491.5 crore, according to Prabhudas Lilladher.

Pre Provision Operating Profit (PPOP) is likely to rise by 21.9% Y-o-Y (up 0.6 percent Q-o-Q) to Rs. 18,729.6 crore.

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