HDFC Bank Q2 results preview: Muted qtr expected; loan-deposit ratio eyed

HDFC Bank Q2 results preview: HDFC Bank, India's biggest lender, is expected to report flat July-September quarter (Q2) results for the current financial year 2024-25 (FY25), according to analysts.

Most brokerages assessed by Business Standard expect HDFC Bank's Q2 FY25 net profit to vary +/- 2 per cent over last year's (Q2 FY24) net profit of Rs 15,976.1 crore. Sequentially, it would be nearly flat over profit of Rs 16,174.8 crore seen in the June quarter (Q1) of FY25.

The date for HDFC Bank to report its Q2 results for 2024 has been fixed as Saturday, October 19, 2024.

Meanwhile, ahead of the Q2 results, HDFC Bank share price gained 2.8 per cent during the three months to September. By comparison, the BSE Sensex added 6.6 per cent during the September quarter.

Thus far in financial year 2024-25, HDFC Bank shares have surged 17.4 per cent on the BSE, compared to the Sensex's 10.6-per cent rally.

HDFC Bank share price today was Rs 1,671.45 per share (down 1.7 per cent) at 11:40 AM, as against the Sensex's 0.5 per cent fall.

Here are HDFC Bank Q2 results 2024 expectations by brokerages:

Nomura

Global brokerage Nomura pegs HDFC Bank Q2 profit at Rs 15,850 crore, down 1 per cent year-on-year (Y-o-Y) and 2 per cent quarter-on-quarter (Q-o-Q). Operationally, it sees the pre-provision operating profit (PPOP) at Rs 23,990 crore (core PPOP at Rs 23,490 crore), up 6 per cent Y-o-Y but flat Q-o-Q.