HDFC Bank: Analysts see muted profit growth in Q4 amid higher provisions

HDFC Bank preview: Near-term focus, analysts said, would be the status of the merger with HDFC Ltd

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.

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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.