HDFC Bank is anticipated to announce its fourth-quarter results for the fiscal year 2024 on April 20. Analysts foresee the banking sector reporting relatively subdued earnings for the January-March 2024 period, characterized by pressure on net interest margins (NIM), stable loan growth but weaker deposit growth, and cost pressures due to forthcoming wage hikes and pension provisions. In the previous quarter, HDFC Bank recorded a 33% increase in net profit to ₹16,372 crore in Q3 of FY24, compared to ₹12,259 crore in the previous year.
For Q4FY24, analysts expect HDFC Bank to report a net profit of ₹15,663 crore, reflecting a 30% increase from ₹12,047.5 crore in the corresponding quarter of the previous year, based on the average estimates of five brokerages. The bank’s treasury income for the March 2024 quarter is projected to reach ₹1,000 crore.
