HDFC Bank Q2 profit may rise 18% YoY on credit revival, lower provisions

HDFC Bank Q2 preview: Gross non-performing assets (GNPA) ratio may rise on a yearly basis but remain largely stable sequentially, believe analysts.

HDFC Bank Q2 Preview: Supported by healthy loan growth, stable interest margins, and lower operating expenses, private sector lender HDFC Bank is expected to report mid-teen growth in net profit for the July-September quarter (Q2FY22), say analysts. It is slated to report its quarterly result on Saturday, October 16.
 

At the top end of profit expectation, brokerage firm Motilal Oswal Financial Services pegs the profit after tax (PAT) at Rs 8,890 crore for the quarter under review. This would mean an 18.3-per cent growth over last year’s (Q2FY21) and 15 per cent improvement over previous quarter’s (Q1FY22) profit of Rs