What should you do with HDFC Bank stock post Q4 earnings? – Moneycontrol.com
Kalpana Warrier
The bank’s standalone profit grew 18.2 percent year-on-year to Rs 8,186.5 crore for the quarter ended March 2021. Net interest income (NII) grew 12.6 percent to Rs 17,120.15 crore in Q4FY21, compared to Rs 15,204.06 crore in the year-ago period.
HDFC Bank reported an 18.2 percent year-on-year (YoY) growth in its standalone profit at Rs 8,186.5 crore for the quarter ended March 2021 (Q4FY21) on account of low base in the corresponding period. The profit in Q4FY20 stood at Rs 6,927.69 crore. Net interest income (NII), the difference between interest earned and interest expended, grew 12.6 percent to Rs 17,120.15 crore in Q4FY21, compared to Rs 15,204.06 crore in the year-ago period, driven by credit growth of 14 percent, and core net interest margin of 4.2 percent for the quarter. Here is what brokerages are suggesting:
