HDFC Bank Q4 preview: India's biggest private lender, HDFC Bank’s January-March quarter (Q4) net profit for FY23 may come in tepid on a quarterly basis, analysts said. This, they opine, would be on the back of a significant rise in provisions ahead of the bank’s merger with HDFC Ltd.
The lender is slated to report its Q4 earnings on Saturday, April 15.
According to brokerages' estimates, HDFC Bank's Q4FY23 bottom-line, as well as net interest income (NII) may fall up to 3 per cent QoQ, while provisions are seen rising up to 21 per cent QoQ.
In the October-December quarter (Q3FY23), HDFC Bank's profit after tax (PAT) was Rs 12,259.5 crore, and NII was Rs 22,290.4 crore. A year-ago (Q4FY22), they were Rs 10,055.2 crore, and Rs 18,872.7 crore, respectively.
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