Emkay has come out with its third quarter (October-December’ 23) earnings estimates for the BFSI sector. The brokerage house expects HDFC to report net profit at Rs. 11,605.6 crore up 12.2% year-on-year (up 9.4% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 15.9 percent Y-o-Y (up 1.7 percent Q-o-Q) to Rs. 21,373.9 crore, according to Emkay.
Pre Provision Operating Profit (PPOP) is likely to rise by 10.4% Y-o-Y (up 6.5 percent Q-o-Q) to Rs. 18,518.8 crore.
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