iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Q4FY24 Preview: HDFC Bank: NII seen at ₹287.4 Billion, PAT at ₹154.9 Billion

19 Apr 2024 , 02:55 PM

Result date: April 20, 2024

Recommendation: Buy

Target price: ₹1,780

HDFC Bank witnessed lower-than-expected sequential growth in loans at 1.6%. Growth in deposits and CASA though was strong at 7.5% and 8.7%, respectively on a sequential basis. The bank’s LDR reduced by ~600 basis points from 111.5% in Q3FY24 to 105.4% in 4QFY24. Analysts at IIFL Securities expect the bank’s Net Interest Income (NII) to inch up by 1% sequentially and Total Income to grow 2% over the December 2023 quarter.

The Bank’s Net Interest Margin (NIM) could decline by 5 basis points sequentially due to the sharp decline in LDR. Pre-provisioning operating profit (PPOP) is expected to remain flat sequentially due to lower NII growth.

Profit After Tax (PAT) could decline 5% over the December 2023 quarter.

₹ Billion March 2024 estimates QoQ change YoY change
Loans 25,080 3% 57%
Deposits 23,808 8% 26%
Net Interest Income (NII) 287.4 1% 23%
Total Income 403.2 2% 26%
PPOP 237.5 0% 28%
Profit After Tax 154.9 (5)% 29%

Source: IIFL Research

Related Tags

  • HDFC Bank
  • HDFC Bank Q4
  • HDFC Bank Q4 Preview
sidebar mobile


Read More

Most Read News

Indian markets close the day in red
29 May 2024|04:50 PM
Power Mech gets new order of Rs 563.23 crore
29 May 2024|04:52 PM
Man Industries gets new orders of ₹490 Crore
29 May 2024|05:18 PM
Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.