Personal lender HDFC Lender is likely to stay unfazed by the coronavirus (Covid-19)-led slowdown, at the very least in the March quarter of FY20 (Q4FY20), as analysts see the financial institution clocking a in the vicinity of 30 for each cent yr-on-yr (YoY) leap in the web earnings at Rs seven,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 earnings at Rs seven,616.2 crore, a 29.four for each cent development from Rs five,885.one crore claimed in the March quarter of the preceding fiscal (Q4FY19). Sequentially, the PAT is seen developing three for each cent from Rs seven,416.five crore.
Likewise, analysts at ICICI Securities be expecting the bank’s earnings to increase 28.6 for each cent YoY to Rs seven,568.2 crore on the back of sturdy traction in deposits, and healthier rate-based profits.
“Traction in deposit stays