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Q4FY23 Preview: HDFC: NII seen at Rs 5,011 crore, PAT at Rs 3,774 crore

3 May 2023 , 07:27 AM

Result date: 4th May, 2023

Recommendation: Buy

Target price: Rs 3,085

(Source: IIFL Research)

HDFC is likely to witness double digit loan growth over the year-ago quarter, largely due to continued traction in the individual segment.

The company’s Net Interest Margin could remain stable. It could clock in dividend income of ~Rs 480 crore even as there will not be any profit on sale of investment.

HDFC’s Profit After Tax or PAT could grow ~2% as compared to the year-ago quarter.

Important management insights to watch out for:

  • Update on merger with HDFC Bank
  • Post-merger growth strategy 
Rs Crore

March 2023 estimates

YoY change

QoQ change

Net Interest Income (NII)

5,011

8.3%

3.2%

Operating Loss

5,033

3.3%

4.4%

Profit After Tax

3,774

1.9%

2.3%

Source: Brokerage estimates

Related Tags

  • hdfc
  • HDFC Q4
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