HDFC Bank has released its profit forecasts for the Banks sector for the fourth quarter (January 22 to March 22), based on historical data. HDFC Bank is expected to record a net profit of Rs. 9,692.8 crore, representing an increase of 18.4 percent year-on-year, according to the brokerage firm (down 6.3 percent quarter-on-quarter). Read the article to know about HDFC Bank Q4 Results 2022 Expectation, Net Profit, Date.
HDFC Bank Q4 Results 2022
HDFC Bank, India’s biggest private sector lender, is expected to post a 23 percent year-on-year increase in net profit for the quarter ended March 31, bringing the total to Rs 8,550.3 billion.
In addition, the private lender is projected to announce a net interest income increase of roughly 12 percent year on year in the third quarter, bringing the total to Rs 17,000 crore. On Saturday, HDFC Bank will release its quarterly and full-year financial results.
Following the outbreak of the second wave of Covid-19 infections in the nation, investors will closely watch any changes in the lender’s asset quality and the lender’s comments.
According to the various sources, net interest income (NII) is predicted to climb by 13.2 percent year-on-year (up 5.1 percent quarter-on-quarter) to Rs. 19,377.2 billion.
HDFC Bank Q4 Results Expectation 2022
HDFC Bank, India’s biggest private sector lender, will release its quarterly earnings from January to March today. Investors will be watching with bated breath for the bank’s quarterly results, which has an 11 percent market share, second only to the State Bank of India in terms of market share (SBI). The lender is likely to achieve a significant increase in earnings, with several experts predicting an increase of 18-30 percent year over year.
Provisions are likely to be lowered, but loans are expected to increase in value. The results of HDFC Bank will also be closely scrutinized since the lender has proposed a merger with the Housing Development Finance Corporation (HDFC), a move that is expected to improve the bank’s market share.
HDFC Bank Q4
HDFC Bank will be the first large lender to announce its quarterly profits, according to the Financial Times. Analysts at Motilal Oswal noted that HDFC Bank’s statement on credit cards and fee revenue traction is a critical monitorable indicator for the company.
At the same time, HDFC Bank’s growth projection for each category and the bank’s comments on the credit card segment is being closely monitored by analysts at Axis Securities. The loan book of the institution is estimated to have touched Rs 13.69 lakh crore in the three months from January to March.
The most important item to pay attention to will be the management’s views on the proposed merger. An S&P Global analysis of HDFC’s business profile predicts that the combination of HDFC and HDFC Bank will diversify the bank’s business profile. Over the following three to five years, the merged entity’s profitability might improve. “
In addition to lucrative cross-selling possibilities to HDFC Ltd.’s enormous pool of customers, the merger will offer the bank profitable cross-selling opportunities to its large pool of customers, particularly for high-yield products like unsecured loans. According to the company’s prior announcement, the increase in fee revenue from insurance and financial products would also be beneficial.
HDFC Bank Q4 Net Profit
On the Bombay Stock Exchange, HDFC Bank’s shares ended the day 0.39 percent higher at Rs 1,486.05 a share. HDFC Bank had posted an 18.1 percent increase in its standalone net profit in the preceding quarter (Q3FY22), bringing the total to Rs 10,342.20 crore.
HDFC Bank stated in a regulatory filing that total income on a standalone basis increased to Rs 40,651.60 crore in the October-December quarter of FY2021-22, compared to Rs 37,522.92 crore in the same period of the previous financial year.
However, the bank’s bad loan ratio increased, with gross non-performing assets (NPAs) increasing to 1.26 percent of gross loans as of December 30, 2021, compared to 0.81 percent in the same period the previous year. By the end of September 2021, it had, on the other hand, decreased sequentially from 1.35 percent.
HDFC Bank Limited is a banking and financial services firm based in Mumbai, India, that provides banking and financial services. As of April 2021, it is India’s biggest private sector bank in terms of assets and the tenth-largest bank in the world in terms of market capitalization. It ranks third on the Indian stock markets in terms of market capitalization, with $122.50 billion. The company is also the fifteenth biggest employer in India, employing approximately 120,000 people.