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The bank has always been rock solid in terms of asset quality and the improving trend will continue going forward too, said Vaibhav Agrawal of Angel Broking.
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According to average of estimates of analysts polled by CNBC-TV18, profit is seen rising to Rs 2,875 crore from Rs 2,381.5 crore and net interest income may increase to Rs 6,598 crore from Rs 5,511 crore.
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Vaibhav Agrawal of Angel Broking is very bullish on ICICI Bank with a target price of Rs 370.
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From the management commentary, Vaibhav Agrawal, VP-Research-Banking, Angel Broking expects a broader outlook in terms of growth and performance of loan book.
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Net-interest income is expected to rise by 4.5 percent quarter-on-quarter (up 21.5 percent year-on-year) to Rs 6284.6 crore, according to Motilal Oswal.
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Provisions should be keenly watched, said analysts, because in Q4FY15 provisions shot up 102 percent Y-o-Y (up 3 percent Q-o-Q) to Rs 576.6 crore.
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Amid generally weak sales performance, sectors that are likely be stronger are IT (14 percent), pharma (12 percent), media & entertainment (12 percent) and retail (10 percent), says Emkay.
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Weak commodity prices, delayed capex recovery and soft rural demand are the key factors that will weigh on June quarter corporate earnings, says CRISIL Research.
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"We expect around 15 percent year-on-year profit after tax (PAT) growth for private banks with stable pre-provision operating profit (PPOP) growth. PSUs will likely have a tough quarter operationally with elevated asset quality stress along with pressure on net interest margins," said Nomura.
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In an interview to CNBC-TV18, Vaibhav Agrawal of Angel Broking and Jignesh Shial of IDBI Capital analyse HDFC Bank's Q4 results and their outlook on the stock.
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Net interest income is expected to increase by 2.3 percent Q-o-Q (up 17.7 percent Y-o-Y) to Rs 5828.9 crore, according to Prabhudas Lilladher.
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Net interest income is expected to increase by 5.5 percent Q-o-Q (up 21.4 percent Y-o-Y) to Rs 6012.7 crore, according to Motilal Oswal.
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Net interest income is expected to increase by 2.6 percent Q-o-Q (up 18.1 percent Y-o-Y) to Rs 5847.5 crore, according to ICICIdirect.
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In January-March quarter, HDFC Bank is expected to report similar growth to Q3. Profit may jump 20.9 percent year-on-year to Rs 2,812 crore and net interest income is seen rising 20.6 percent to Rs 5,971 crore in the quarter ended March 2015, according to a CNBC-TV18 poll.
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Paresh Sukhtankar of HDFC Bank says neither funds nor capital were a constraint for growth and asset quality in the third quarter was largely stable. He, however, adds that a further pick-up in the bank‘s growth will depend on GDP growth
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HDFC Bank's third quarter profit may jump 20.6 percent year-on-year to Rs 2,804 crore, according to the average of estimates of analysts polled by CNBC-TV18.
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Abhishek Kothari, banking analyst, Quant Broking expects an earnings downgrade on Bank of Baroda.
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Discussing the results, Manish Ostwal, Head of Research & Senior Analyst - Financials, KR Choksey Institutional Securities, said the bank has posted a strong set of numbers.
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India's second largest private sector lender HDFC Bank met street expectations with the second quarter net profit rising 20.1 percent to Rs 2,380 crore compared to Rs 1,982 crore in same quarter last year supported by higher other income and net interest income by impacted by higher provisions.
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Net interest income is expected to increase by 1.2 percent Q-o-Q (up 16.9 percent Y-o-Y) to Rs 5233.4 crore, according to ICICIdirect.com.
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Net interest income is expected to increase by 2.4 percent Q-o-Q (up 18.3 percent Y-o-Y) to Rs 5297.8 crore, according to Motilal Oswal.
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Net interest income, the difference between interest earned and interest expended, may grow by 18 percent to Rs 5,275 crore in the quarter ended September 2014 from Rs 4,476.5 crore in corresponding quarter of last fiscal.
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As the earnings season winds up and most of India‘s notable corporates have posted their quarterly results updates, net profits were slightly ahead of estimates, according to projections by brokerage firm Kotak, but there was “limited evidence of a meaningful upgrades to earningsâ€.
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HDFC reports steady Q3 earnings
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Religare has kept HDFC bank as its preferred pick among private banks. It has rated it a 'buy' with a target price of Rs 760. JP Morgan has rated HDFC Bank 'overweight' with a target price of Rs 750 while Citi has kept a 'neutral' outlook with a target price of Rs 750.
