Emkay has come out with its third quarter (October - December’ 24) earnings estimates for the Banking sector. The brokerage house expects HDFC Bank to report net profitat Rs. 16,427 crore up 3% year-on-year (up 2.8% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 6.2 percent Y-o-Y (up 7.9 percent Q-o-Q) to Rs. 29,554.6 crore, according to Emkay.
Pre Provision Operating Profit (PPOP) is likely to rise by 2.9% Y-o-Y (up 8.9 percent Q-o-Q) to Rs. 24,703.4 crore.
(With inputs from agencies)