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:
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
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