Q4FY22 Preview: HDFC: NII seen at Rs4,567 crore, PAT at Rs3,309 crore

30 Apr 2022 , 10:40 AM

Result date: 2^nd May, 2022
 
HDFC is likely to post a mixed set of numbers for the March 2022 quarter. While year-on-year performance is expected to be better, sequentially the company could perform better. HDFC’s assets under management (AUM) could grow 4% on a sequential basis. Continued traction in disbursements to individual as well as non-individual segments will drive the company’s topline.

Its margins though could contract amid moderating yields, aided by lower home loan rates and excess liquidity carry.

HDFC’s Profit After Tax (PAT) could grow 4.05% over the year-ago quarter and 1.50% sequentially.
 
Important management insights to watch out for:
·         Asset quality trends, particularly in the corporate loan book
·         Updates on merger with HDFC Bank
 

Rs Crore	March 2022 estimates	QoQ change	YoY change
Net Interest Income (NII)	4,567	5.45%	7.05%
Pre-Provisioning Operating Profit	4,490	1.10%	(3.30)%
Profit After Tax (PAT)	3,309	1.50%	4.05%

Source: Brokerage reports