HDFC Bank Q3 Net Profit seen up 17% YoY to Rs. 10,246.2 cr: Motilal Oswal

Motilal Oswal has come out with its third quarter (October-December’ 21) earnings estimates for the Banks sector. The brokerage house expects HDFC Bank to report net profit at Rs. 10,246.2 crore up 17% year-on-year (up 16% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 13.7 percent Y-o-Y (up 4.9 percent Q-o-Q) to Rs. 18,559.2 crore, according to Motilal Oswal.

Pre Provision Operating Profit (PPOP) is likely to rise by 11.7% Y-o-Y (up 7.3 percent Q-o-Q) to Rs. 16,961.9 crore.

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