HDFC Bank Q3 Preview: Anticipating Robust 30% Profit Growth, NIM Recovery, and Possible Rise in Provisions

HDFC Bank Q3 Expectations: Motilal Oswal Forecasts 32.5% YoY Profit Growth to Rs 16,242 Crore, Anticipates 26.8% YoY Rise in NII at Rs 29,142 Crore. Margin Improvement Expected from Q2 Lows.

HDFC Bank Share Price Today: Axis Securities Predicts 30.2% YoY Profit Growth, Expects Margins to Improve Sequentially as Q2FY24 Bottoms Out. Anticipates 6.7% YoY Rise in Provisions to Rs 2,994 Crore.

HDFC Bank Q3 Expectations: Anticipating 30%+ YoY Growth in Net Profit with a 25%+ Rise in Net Interest Income. Marginal Recovery Expected in Net Interest Margin from Q2 Lows. Single-Digit Rise Foreseen in Provisions, Merged Entity’s Asset Quality to Remain Stable.

HDFC Bank’s Strong Q3 Performance: Provisional Loan Growth Hits 62.4%, Fueled by a Remarkable 111% YoY Surge in Retail Loans. Commercial and Rural Banking Loans Grow by 31.5%, Other Wholesale Loans Rise by 11%. Deposits Witness a Robust Growth of 27.7%.

HDFC Bank Q3 Expectations by KRChoksey Shares and Securities: Forecasts a 32% YoY Rise in Net Profit at Rs 16,180.70 Crore, NII Expected to Reach Rs 29,371 Crore, Reflecting a 27.8% YoY Growth. Cost-to-Income Ratio Pegged at 40.2%, Anticipating Stable Asset Quality for the Quarter.

HDFC Bank Q3 Projections by Motilal Oswal Securities: Expects 32.5% YoY Profit Growth to Rs 16,242 Crore, with a 26.8% YoY Rise in NII at Rs 29,142 Crore. Foresees Marginal Improvement in Margins from Q2 Lows. Gross Non-Performing Assets Expected at 1.3%, Slightly Higher Than 1.2% YoY.

HDFC Bank Q3 Forecasts by Axis Securities: Predicts 30.2% YoY Profit Growth, Anticipates Sequential Improvement in Margins after Q2FY24 Bottom. Provisions Expected to Rise 6.7% YoY to Rs 2,994 Crore. NII Growth Pegged at 27.8%, Non-Interest Income Growth Expected at 30.4% YoY.

HDFC Bank Q3 Expectations by YES Securities: Foresees Sequential Loan Growth at 4% amid an Idiosyncratic Growth Trajectory. Expects NII Growth to Mirror Average Loan Growth, with Stable NIM Despite the Rise in Cost of Deposits. Anticipates Slightly Higher Sequential Fee Income Growth Linked to Payments Activity. Opex Growth to Slightly Lag Loan Growth. Slippages Expected to be Broadly Stable on a Sequential Basis, with Provisions Remaining Stable Due to Idiosyncratic Aspects.

Emkay Global’s View on HDFC Bank Q3: Anticipates Margins to Recover Slightly (5 Basis Points QoQ) with the ICRR drag mostly resolved and MCLR revision. Expects the Bank to Report Elevated NPAs on a Merged Basis, Including Agri Slippages.