HDFC Bank Q4 preview: Net profit may jump 30% YoY; biz growth guidance eyed

Earlier this month, the private lender had informed the exchanges that its advances had grown 6.3 per cent QoQ to Rs 9,93,000 crore during the quarter under review

Private lender HDFC Bank is likely to remain unfazed by the coronavirus (Covid-19)-led slowdown, at least in the March quarter of FY20 (Q4FY20), as analysts see the bank clocking a near 30 per cent year-on-year (YoY) jump in the net profit at Rs 7,616 crore.

The Mumbai-based lender is scheduled to report its March quarter numbers on Saturday, April 18.

Nirmal Bang Institutional Equities pegs the lender’s profit at Rs 7,616.2 crore, a 29.4 per cent growth from Rs 5,885.1 crore reported in the March quarter of the previous fiscal (Q4FY19). Sequentially, the PAT is seen growing 3 per cent