HDFC Bank, India’s largest private sector lender is all set to declare its Q3 results tomorrow. It will be the first bank to report its Q3 earning results which ended in December last year.
The analysts are hoping that the banking sector is expected to report a healthy performance in Q3 FY2023 due to strong loan growth, margin improvement, and lower credit costs.
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Brokerage Sharekhan said that the banking sector is expected to report 35 percent year-on-year growth in earnings in the December quarter amid healthy loan growth and lower credit cost.
The brokerage also expects growth in Net interest income (NII) to be higher at 23 percent year-on-year on account of solid loan growth, reported livemint.com.
HDFC Bank Quarterly Results Date and Time
HDFC Bank will announce its Q3 FY2023 on Saturday i.e. January 14, 2023.
HDFC Bank Quarterly Results Preview and Expectations
The HDFC’s net interest income and PAT are expected to see an increase while the NPA’s are expected to be stable during the October-December quarter of the current financial year (Q3FY23).
Refinitiv’s mean analyst estimate for HDFC Bank is for earnings of 71 cents per share.
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HDFC Q2 results
Mortgage lender HDFC posted a nearly 18 percent growth in its net profit at Rs 4,454 crore for the quarter that ended September 2022 (Q2 FY2022). The total revenue from operations rose 23 percent to Rs 15,027.20 crore during the quarter under review.
The bank’s net interest income (NII) jumped 13 percent Y-o-Y to Rs 4,639 crore while the net interest margin (NIM) for the half-year ended September 30 was 3.4 percent, HDFC has said in a release.
Its assets under management (AUM) stood at Rs 6.9 lakh crore, against Rs 5.9 lakh crore in the previous year.
