A CNBC-TV18 poll expects HDFC Bank’s Net Interest Income to grow by 5% from last year and 3% sequentially to ₹33,738 crore.
Net profit for the period is likely to remain flat, but grow 2% quarter-on-quarter to ₹19,024.8 crore, according to a CNBC-TV18 poll.
Pre-provisioning operating profit is likely to be at ₹27,943.8 crore, a growth of 5% from last year and 3% from the December quarter, as per the poll.
In its business update shared earlier, HDFC Bank reported a 12% growth in its gross advances during the quarter compared to the same quarter last year to ₹29.6 lakh crore.
Deposits for the March quarter also grew by 14.4% from the same quarter last year to ₹31.05 lakh crore. CASA ratio also stood at 34.1%.
HDFC Bank’s shares fell to a 52-week low in March after its part-time Chairman Atanu Chakraborty resigned, citing ethical issues that he faced. That continues to remain an overhang on the stock.
Both the bank, and the Reserve Bank of India, have clarified on multiple instances that there are no material operational or regulatory concerns that the lender is facing. Any further commentary from the management on this subject will be watched by the management.
Net Interest Margins (NIMs), asset quality, and provisions for bad loans are some of the other important aspects that the market would be awaiting greater clarity on.
Shares of HDFC Bank ended 0.5% higher on Friday ahead of the results announcement, at ₹800. The stock is still down 5.5% over the last one month.
(The CNBC-TV18 Poll by Annanya Singh)
