Net interest income during the quarter is likely to grow in the range of 6-12% YoY with strong retail loan growth and moderation in corporate book.
Kotak Institutional Equities expects profit growth at 54 percent and pre-provision operating profit at 41 percent
Net Interest Income (NII) is expected to increase by 16.5 percent Y-o-Y (up 1.2 percent Q-o-Q) to Rs. 2,808.2 crore, according to ICICI Direct.
Buy call maintained, Citi raises price target to Rs 2,570 per share, Jefferies to Rs 2,435 while lowering FY21/22 EPS estimates by 7-9 per cent
Motilal Oswal expects HDFC to report net profit at Rs 2,374 crore down 10.8 percent year-on-year while net sales are expected to decrease by 9.7 percent Y-o-Y to Rs 2,900.3 crore.
Net Sales are expected to decrease by 9.7 percent Y-o-Y (down 10.2 percent Q-o-Q) to Rs. 2,900.3 crore, according to Motilal Oswal.
Japanese brokerage firm Nomura said overall results were mixed and valuations at 15.5x September 2020 book look reasonable
According to brokerages, provisions are expected to remain elevated on year basis, but sequentially may go down in Q3.
Net Interest Income (NII) is expected to decrease by 6.3 percent Y-o-Y (up 4.1 percent Q-o-Q) to Rs. 2,736.8 crore, according to Sharekhan.
Net Interest Income (NII) is expected to decrease by 8.7 percent Y-o-Y (down 1.1 percent Q-o-Q) to Rs. 2,600 crore, according to Kotak.
CLSA said earnings for smaller private banks, like IndusInd Bank and Yes Bank, may be impacted by provisioning for stressed loans and slower growth in corporate banking fees
We see HDFC as one of the key beneficiaries of liquidity shift towards strong and top quality names and expect it to accelerate market share gain.
Brokerages termed the performance to be in line with estimates, but believe that steady asset quality and loan spread bode well for the stock.
Asset quality has remained healthy over past several quarters, and the trend is likely to continue, Motilal Oswal said, adding that asset quality in the corporate loan book would be a key monitorable
We see a challenging time ahead for housing finance companies, amid rising rates and competition, and remain extremely selective; Buy HDFC and Indiabulls Housing Finance
While a rightful discount to HDFC AMC is justified, RNAM is trading at a discount to IIFL wealth, which is unwarranted.
While the core mortgage business is on a stable growth trajectory, the financial conglomerate stands to gain from equally strong performance of its subsidiaries. Investors cannot ignore this financial powerhouse.
HDFC's core lending business is currently valued at 2.3 times FY20e forward P/B ratio, which is a meaningful discount to its historical average.
Net Interest Income (NII + OI) is expected to increase by 9.9 percent Y-o-Y (up 13.3 percent Q-o-Q) to Rs. 3548.3 crore, according to Edelweiss.
Net Interest Income is expected to increase by 13.2 percent Y-o-Y (up 9.7 percent Q-o-Q) to Rs. 3,125.4 crore, according to ICICI Direct.
The lender reported net profit Rs 5,670.2 crore for the December quarter, a whopping growth of 233.3 percent year-on-year due to one-time gain after stake sale in life insurance business.
A large part of the fund raised will be invested in HDFC Bank, to the tune of Rs 8500 crore to maintain the stake in the bank, said Keki Mistry, VC & CEO, HDFC.