HDFC Bank Q2 Net Profit seen up 18.3% YoY to Rs. 8,888.2 cr: Motilal Oswal

Motilal Oswal has come out with its second quarter (July-September’ 21) earnings estimates for the Banking sector. The brokerage house expects HDFC Bank to report net profit at Rs. 8,888.2 crore up 18.3% year-on-year (up 15% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 11.5 percent Y-o-Y (up 3.4 percent Q-o-Q) to Rs. 17,583.2 crore, according to Motilal Oswal.

Pre Provision Operating Profit (PPOP) is likely to rise by 15.1% Y-o-Y (up 5 percent Q-o-Q) to Rs. 15,899.5 crore.

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