Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
19 April, 2024 09:52 IST
HDFC Bank Q4 profit may grow range of 22-27%
Source: IRIS | 22 Apr, 2014, 10.13AM
Rating: NAN / 5 stars.
Comments  |  Post Comment

HDFC Bank, one of the leading private sector lenders, will be announcing its second quarter financial results on Tuesday, Apr. 22, 2014. We have collated views of analysts at various broking houses on how they see earnings this time around. The same are as follows:

Angel Broking expects the NII is expected to increase by 16.3% yoy to Rs 49.93 billion. While non-interest income is expected to increase by 22.5% yoy to Rs 22.09 billion, thus achieving a healthy operating income growth of 18.1% yoy, it said. "Operating profit is expected to grow by 34.4% yoy, due to largely flat operating expenses yoy. Provisioning is expected to be Rs 4.24 billion compared to Rs 3.01 billion in 3QFY2013. Consequently the PAT is expected to increase by 26.1% yoy to Rs 23.84 billion."

Religare expects net profit to rise 26.8% y-o-y (3% sequential up) to Rs 23,960 million. It expects a growth of 16.2% y-o-y in NII (7.6% sequential rise) to Rs 49,892 million.

Edelweiss expects net profit to rise 22.7% y-o-y (0.3% sequential down) to Rs 23,190 million. It expects a growth of 20.1% y-o-y in NII + OI (8% sequential rise) to Rs 73,236 million.

Shares of the bank gained Rs 6, or 0.84%, to trade at Rs 722.60. The total volume of shares traded was 52,164 at the BSE (10.08 a.m., Tuesday).

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer