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).
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