HDFC Bank Q1: HDFC Bank Q1 preview: Profit may grow 28%, NIM seen stable at 4.3%

To recall, the non-public financial institution in its Q1 replace had advised a 14.4 per cent YoY progress in credit score progress at Rs 11,47,500 crore for the June quarter, which was method larger than the system’s 5.5 per cent progress. Retail loans exoanded 10.5 per cent whereas company loans grew 17 per cent on a yearly foundation. Deposit throughout the quarter rose 13 per cent YoY, whereas the Casa ratio stood at 46 per cent.

ICICIdirect expects HDFC Financial institution to report 27.8 per cent YoY rise in revenue at Rs 8,511.30 crore on a 9.7 per cent rise in NII at Rs 17,191 crore. Pre-provision revenue is seen rising 19.7 per cent to Rs 15,356 crore.

The brokerage expects margins to be secure at 4.3 per cent. “Different earnings is anticipated to average sequentially because of partial lockdowns. Asset high quality is anticipated to be secure with the gross non-performing property (NPA) ratio seemingly at 1.35 per cent (web NPA at 0.42 per cent). We count on provision to average to Rs 3,902 crore,” ICICIdirect mentioned.

Phillip Capital sees revenue rising 20.4 per cent YoY to Rs 8,020 crore. NII is seen rising 11.5 per cent to Rs 17,464 crore. NIM is seen at 4.35 per cent for the June quarter towards 4.2 per cent within the March quarter and 4.3 per cent within the year-ago quarter. The seemingly sequential rise in NIM could be on account of lesser curiosity reversal, it mentioned.

“Opex progress will proceed to be decrease than balance-sheet progress. The commentary on retail asset high quality shall be watched. Whole loan-related provision is anticipated to stay at 2.1 per cent of the mortgage guide,” it mentioned.

Nirmal Bang pegged revenue at Rs 7,828 crore, up 17.6 per cent. It sees NII at Rs 18,072 crore, up 15.4 per cent. The brokerage sees NIM at 4.2 per cent and credit score value at 1.5 per cent, down 9 foundation factors YoY.