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HDFC Bank Q1 profit seen rising up to 33% YoY on low provisions: Analysts

Motilal Oswal Financial Services expects provisions to decline to Rs 3,730 crore in Q1FY23 from Rs 4,830 crore in Q1FY22

HDFC Bank is set to report its Q1 results on Saturday, July 16
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HDFC Bank is set to report its Q1 results on Saturday, July 16

Nikita Vashisht New Delhi
HDFC Bank Q1 preview: Key brokerages have wide ranging estimates for HDFC Bank’s net profit growth in the April-June quarter (Q1FY23). While global brokerage BNP Paribas expects the lender’s bottom-line to grow mere 13.4 per cent (Rs 9,284.5 crore) year-on-year, JPMorgan pegs the expansion at a more aggressive pace of 32.4 per cent (Rs 10,232 crore).

Domestic brokerages Motilal Oswal Financial Services, and Emkay Global Financial Services, meanwhile, expect PAT (profit after tax) to swell up to 20 per cent (Rs 9,280 crore) YoY. Sequentially, the decline in net profit could be anywhere between 1.5 per cent and 9 per