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HDFC Bank share price trades flat ahead of Q3 results today

HDFC Bank will also host an earnings call with analysts and investors at around 6 PM today, wherein the senior management of the bank will discuss the financial results.

January 22, 2025 / 11:15 IST
HDFC Bank shares trade flat ahead of Q3 results today, brokerages see flat margins
     
     
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    HDFC Bank shares traded flat ahead of the quarterly results announcement on January 22.

    The shares of India's largest private sector lender quoted at Rs 1,650.45 per share on the NSE, 0.49 percent higher at around 11 AM.

    HDFC Bank is likely to announce the third quarter results of the current fiscal at around 3:30 PM. The Bank will also host an earnings call with analysts and investors at 6 PM today, wherein the senior management of the Bank will discuss the financial results with the participants.

    According to a Moneycontrol poll of 8 brokerages, HDFC Bank's net profit is estimated at Rs 16,650 crore in Q3FY25 versus Rs 16,372 crore in Q3FY24. NII is pegged at Rs 30,690 crore in Q3FY25 from Rs 28,471 crore in the year-ago period.

    HDFC Bank Q3 preview: Weak loan growth to weigh on profit, flat margins likely

    The bank is set to clock modest 8 percent year-on-year (YoY) growth in net profit for the third quarter of fiscal year 2024-25 (FY25), weighed down by subdued loan growth and stagnant margins, said analysts. Net interest income (NII) is projected to grow by 1.6 percent YoY in Q3FY25.

    HDFC Bank's Q2 FY25 net profit rose 5 percent on-year to Rs 16,821 crore, beating Street expectations. An average of seven brokerages' estimates had pegged HDFC Bank's fiscal second quarter net profit at Rs 16,570 crore.

    Other income (non-interest revenue) for the quarter ended September 30, 2024, was Rs 11,480 crore, as compared to Rs 10,710 crore in a year ago period.

    Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

    Moneycontrol News
    first published: Jan 22, 2025 11:10 am

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