HDFC Bank Q3 preview: PAT growth seen up to 13% YoY, NII likely to rise 4-8%. Here’s what investors can expect

India’s largest private lender HDFC Bank will announce its Q3 earnings on Saturday, 17 January, where it is expected to report a net profit growth in a wide range up to 6%-13% on a year-on-year basis between Rs 17,700 crore and Rs 18,892 crore according to to estimates given by seven brokerages.

The lender’s Net Interest Income (NII) is pegged to grow at 4.5%-8% in the range of Rs 32,032 crore to Rs 33,152 crore, the estimates revealed.

HDFC Bank is expected to face profitability headwinds on a sequential basis while NII may see a modest quarter-on-quarter growth in the October-December quarter, brokerage estimates show.


On the flipside, the lender’s loan growth is expected to remain healthy, while the bank's NIM is likely to slip year-on-year and flat QoQ. The Street’s focus will remain on management’s commentary around deposit mobilisation and margin trajectory, which are expected to drive the bank’s performance in the coming quarters.Here’s everything you need to know!

PAT

Elara: Rs 17,845 crore (+6.6% YoY, -4.3% QoQ)

Emkay: Rs 18,892 crore (+13% YoY, 1.3% QoQ)

IIFL Capital: Rs 17,700 crore (+6% YoY, -5% QoQ)

JM Financial: Rs 18,638 crore (+11.4% YoY, flat QoQ)

Kotak Institutional Equities: Rs 17,936 crore (+7% YoY, -4% QoQ)

Systematix: Rs 18,604 crore (+11.2 YoY, -0.2 QoQ%)

Yes Securities: Rs 18,822 crore (+12.5% YoY, +1% QoQ)

NII

Elara Capital - Rs 32,296 crore (+5.4% YoY, +2.4% QoQ)

Emkay: Rs 32,208 crore (+5.1% YoY, +2.1% QoQ)

IIFL Capital: Rs 32,400 crore (+6% YoY, +3% QoQ)

JM Financial: Rs 32,032 crore (+4.5% YoY, +1.5% QoQ)

Kotak Institutional Equities: Rs 33,152 crore (+8% YoY, +5% QoQ)

Systematix: Rs 32,607 crore (+6.4 YoY, +3.3% QoQ)

Yes Securities: Rs 32,218 crore (+5.1 YoY, +2.1 QoQ)

NIM

IIFL Capital: 3.4% (-10 bps YoY, same QoQ)

Emkay: 3.4% (-22 bps YoY, same QoQ)

JM Financial: 3.3% (-15bps YoY, -2bps QoQ)

PPOP

Emkay: Rs 27,696 crore (+10.8% YoY, -0.6% QoQ)

Elara: Rs 26,222 crore (+6.5% YoY, -4.7% QoQ)

IIFL Capital: Rs 26,900 crore (+8% YoY, -4% QoQ)

JM Financial: Rs 27,990 crore (+12% YoY, +0.2% QoQ)

Yes Securities: Rs 26,794 crore (+7.2% YoY, -4% QoQ)

Provisions

Systematix: Rs 2,782 crore (-20.5% YoY, -11.8% QoQ)

IIFL Capital: Rs 3,660 crore (+16% YoY, +5% QoQ)

Elara: Rs 3,090 crore ( -2%, -11.7%)

Loans

JM Financial: Rs 28.15 lakh crore (+11.8% YoY, +2.5% QoQ)

IIFL Capital: Rs 28.18 lakh crore (+12% YoY, +3% QoQ)

Elara: Rs 28.51 lakh crore (+13.2% YoY, +3.8% QoQ)

Deposits

Elara: Rs 28.76 lakh crore (+12.1%, +2.6%)

IIFL Capital: Rs 28.59 lakh crore (+12% YoY, +2% QoQ)

JM Financial: Rs 28.86 lakh crore (+12.6% YoY, +3% QoQ)

Credit cost

JM Financial: 0.5% (same YoY, -1bps QoQ)

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)