ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Banking & Financial Services sector. The brokerage house expects HDFC to report net profit at Rs. 3,055.4 crore up 0.1% year-on-year (down 3.9% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 19.5 percent Y-o-Y (up 3.5 percent Q-o-Q) to Rs. 4,054.5 crore, according to ICICI Direct.
Pre Provision Profit (PPP) is likely to fall by 4.9% Y-o-Y (down 1.6 percent Q-o-Q) to Rs. 4,568.1 crore.
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