IndusInd Bank Q2 Preview: Profit likely to grow 20% YoY on solid loan growth, stable asset quality

IndusInd Bank Q3 result preview: IndusInd Bank is expected to report healthy growth in net interest income (NII) for Q3, with a 16% year-on-year increase. The bank saw a 20% year-on-year growth in net advances and a 13% increase in deposits. The net profit for the quarter is expected to grow by 11% year-on-year. Asset quality is anticipated to remain stable, while loan growth and deposit growth are expected to be healthy.

Analysts are building in loan growth of 3% QoQ, and net interest margins (NIMs) may decline up to 23 basis points QoQ due to the higher cost of deposits. In the recent first quarter, the bank posted a net profit of Rs 5,797 crore, up 40% YoY.

ICICI Banks net profit is seen rising to Rs 9,662 crore, according to the average of estimates given by nine brokerages. NII or net interest income is likely to grow 24% YoY to Rs 18,286 crore, the estimates showed

Expect provisions to keep declining, led by lower slippages and better asset quality trends. Both the MFI and vehicle finance portfolio is showing improving trends. Building in slippages of 2.2% (Rs 16 billion). The key focus area would be the cost of funds given the sharp rise in raising deposits and ability to sustain current levels of loan growth

Top private banks report Q4 PAT growth of between 20% and 46%.

HDFC Bank is expected to report a double-digit year-on-year growth in net profit for Q3. Net interest income is likely to grow 21% YoY. The bank's net profit is seen rising 28.4% YoY to Rs 15,739 crore. Sequentially, net interest income will see a moderate 6% growth while profit may drop 1.5%.

HDFCs net profit for the quarter is likely to see 4.4% on-year growth to Rs 3,864 crore, according to the average of estimates given by five brokerages. In the same period last year, the company posted a net profit of Rs 3,700 crore.

India Business News: BENGALURU: IndusInd Bank reported a bigger-than-expected rise in fourth-quarter profit on Monday, helped by strong loan growth and drop in provisions .

HDFC Bank Q2 Preview: While Kotak Institutional Equities expects HDFC Bank's Q2 PAT to rise 44.5% to Rs 15,327 crore, Motilal sees a growth of 39.4%. We expect gross NPL ratio to be marginally higher as reported in the merged balance sheet. The near-term focus would be the progress of NIM and the impact of PSL (FY2025), Kotak Equities said.

The private sector lenders net profit for the June quarter is expected to rise by a sharp 32% YoY to Rs 9,120 crore, according to the average of estimates given by 14 brokerages. Net interest income is seen growing 35% YoY to Rs 17,850.3 crore.