Today, January 22, HDFC Bank, India’s largest private sector lender, is to announce its third-quarter results for financial year 2024-25. Muted growth in net profit is anticipated by analysts from mixed market activity. Net profit is expected to touch ₹16,644 crore and hence growth of 1.7% year on year, according to Motilal Oswal Financial Services. Axis Securities has also estimated the profits to grow by 2.2% and arrive at commensurate ₹16,737 with crore. the Although, market deposit growth as has been pointed very out good, by lending Sharekhan. Net has not interest fully income (NII) is expected to grow 6.5% year on year to ₹30,335 crore per analysis by Motilal Oswal. Margins are expected to remain steady but Nuvama Research sees a slight dip in net interest margins to 3.43% from the previous quarter’s 3.46%. Bad loan provisions may rise to ₹3,203 crore, which is much lower than the ₹4,217 crore reported a year ago. HDFC Bank shares were trading at ₹1,640.20 on the BSE by 11:40 am 0.09% and have from been the down previous close. The shares had fallen 0.33% in the previous session to settle at ₹1,645.75. The stock has lost 8.62% in the past month and investors have been cautious ahead of the earnings announcement.
HDFC Bank Q3 Results
