HDFC Q1 Net Profit may dip 3% YoY to Rs. 2,960 cr: Sharekhan

Sharekhan has come out with its first quarter (April-June’ 21) earnings estimates for the NBFC sector. The brokerage house expects HDFC to report net profit at Rs. 2,960 crore down 3% year-on-year (down 7% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 22 percent Y-o-Y (up 1 percent Q-o-Q) to Rs. 4,069 crore, according to Sharekhan.

Pre Provision Profit (PPP) is likely to fall by 8% Y-o-Y (down 5 percent Q-o-Q) to Rs. 4,421 crore.

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