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Prabhudas Lilladher has come with its June quarterly earning estimates for banking & financial services sector. According to the research firm, Q1FY13 will be a relatively strong operating quarter for financials with ~22%/ 21% y/y PPOP and net profit growth.
In an interview with CNBC-TV18, Hemindra Hazari, Banking Analyst at Nirmal Bang said HDFC Bank has met expectations and delivered in accordance with the numbers predicted by analysts. He is optimistic about the banking sector and feels banks are going to report pretty decent net profit earnings growth of 15% to 20% in this quarter.
Private sector lender HDFC Bank will announce its first quarter earnings today. Analysts on average expect its profit after tax is likely to increase by whopping 30% year-on-year to Rs 1,411 crore for the quarter ended June 2012, according to CNBC-TV18 estimates.
Private sector lender HDFC Bank will announce its first quarter earnings today. Analysts on average expect its profit after tax is likely to increase by whopping 30% year-on-year to Rs 1,411 crore for the quarter ended June 2012, according to CNBC-TV18 estimates.
Dolat Capital has come with its June quarterly earning estimates for banking sector. According to the research firm, banks are likely to post 27% YoY growth in PAT for Q1FY13.
Indian corporate earnings results for Jan-March 'should be weak', warns Bank of America-Merrill Lynch, adding that it sees potential for a market correction.
Angel Broking has come out with its June quarterly earning estimates for banking sector. The research firm expects margins to come under pressure in 1HFY2013.
Emkay Global Financial Services has come with its June quarterly earning estimates for Banking and Financial Services sector. According to the research firm, lower NII growth is expected to be driven by sluggish advance growth and 5-15 bps contraction in NIMs led by decline in yield on assets and cost pressures.
HDFC Bank is likely to grow its loan book 3% or 4% higher than the 17% credit growth, projected by the RBI in 2012-13. There would be pick-up in corporate lending as well. However, the composition of loan book will remain as 45:55 between corporate and retail segments, said Paresh Sukthankar, the Executive Director of the bank.
India‘s second largest private sector lender HDFC Bank‘s fourth quarter (Jan-March) net profit is expected to rise 30.50% year-on-year to around Rs 1,500 crore. The bank‘s loan book (net) would likely to expand a little more than 22% y-o-y to around Rs 1.95 lakh crore, according to an average estimate of four brokerages.
Private sector lender HDFC Bank is likely to report a profit after tax of Rs 1,449 crore in the fourth quarter of FY12, a massive growth of 30% as compared to Rs 1,114.7 crore in a year ago period, according to CNBC-TV18 poll.
Banks are likely to post strong bottom line growth on the back of lower base. However, the pipeline of restructured assets will be a key trigger for their share prices to react, said banking analysts adding that the level of non performing assets (NPAs) may have stabilized for private sector banks.
Angel Broking has come with its March quarterly earning estimates for banking sector.
Prabhudas Lilladher has come with its March quarterly earning estimates for banking & financial services sector. Asset quality will continue to remain the focus area for banks in Q412.
Hemindra Hazari, head-equity research, Nirmal Bang Institutional Equities believes that because of the rumblings in the eurozone as well as domestic slowdown issues, India's economic slowdown will be prolonged for awhile.
Private sector lender HDFC Bank is expected to report a profit after tax of Rs 1,399 crore in the third quarter of FY12, a massive growth of 28.5% as compared to Rs 1,087.8 crore in the corresponding quarter of last fiscal.
KRChoksey has come with its December quarterly earning estimates for banking sector. According to the research firm, during Q3FY12, private sector banks continue to show healthy operating performance with earnings expectation of 21.3% y-o-y and 11.8% q-o-q.
Motilal Oswal has come with its December quarterly earning estimates for financial sector.
Angel Broking has come with its quarterly earning estimates for banking sector.
The worst seems over for Indian banks. The third quarter (October-December) earnings, according to analysts tracking banks, would not spring any ugly surprise for them. However, the pressure on profitability would continue on the back of slowing down loan growth, asset quality concern and rising cost of funds.
HDFC Bank Q2 net up 31.5 pct, beats f`cast
CORRECTED - HDFC Bank Q2 net up 31.5 pct, beats f`cast
Vaibhav Agrawal, VP Research, Banking, Angel Broking talks to CNBC-TV18 about HDFC Bank's numbers.
Private sector lender HDFC Bank is likely to report a growth of 30% YoY in profit after tax of Rs 1,186.5 crore in the quarter ended September 2011. The company had posted a profit of Rs 912 crore in the corresponding quarter of last fiscal.
Private sector lender HDFC Bank is likely to report a growth of 30% YoY in profit after tax of Rs 1,186.5 crore in the quarter ended September 2011, according to CNBC-TV18 estimates. The company had posted a profit of Rs 912 crore in the corresponding quarter of last fiscal.