The private lender’s December quarter results had disappointed Street on the fee income front and, thus, fee income would be a key parameter to monitor this Saturday. Besides, one would also watch out for any commentary on the credit card segment and update on the proposed merger of HDFC with self.
HDFC Bank would disclose its March quarter earnings on Saturday.
Brokerage Edelweiss is expecting the private lender to post 24 per cent YoY rise in net profit at Rs 10,183 crore compared with Rs 8,187 crore in the same quarter last year. NII is seen rising 14 per cent to Rs 19,550 from Rs 17,120 crore in the year-ago quarter. Provisions are seen rising to Rs 3,300 crore over December quarter’s Rs 2,994 crore, but may be lower than Rs 4,194 crore a year ago, Edelweiss said.
HDFC Bank delivered a 21 per cent YoY (up 9 per cent QoQ) rise in loan growth. Retail segment grew 15 per cent YoY, commercial by 31 per cent YoY and wholesale by 18 per cent YoY. Deposits rose 17 per cent YoY to Rs 15,59,000 crore.
Kotak Institutional Equities sees profit rising 28 per cent YoY to Rs 10,478 crore. It sees NII growing 15.5 per cent to Rs 19,776.90 crore. NIM is seen flat at 4.1 per cent sequentially, but less than 4.2 per cent in the year-ago quarter.
"We expect gross NPL ratio to be lower led by lower slippages (1.6 per cent), better recovery (expect a bullish commentary of the situation on the ground) and strong loan growth. Near term focus would be on
growth recovery, segments that would drive this growth and margin outlook," it said.
Axis Securities sees profit growing at 26.8 per cent YoY. It sees NII growing 13.7 per cent YoY. Provisions may fall 19 per cent sequentially to Rs 3,795 crore, it said.
“We expect HDFC Bank’s fees to accelerate to 7-9 per cent QoQ in Q4, but YoY growth would still remain below the normalised level of 17 per cent,” Edelweiss said.
HDFC Bank Q4 Preview: Profit may jump 24-28% YoY. Here's what to watch out for - Economic Times
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