HDFC Bank Q4

Provisioning costs higher than expected; FY21 EPS estimated to decline by 2-4 per cent

It had reported a pre-tax profit of Rs 8,954.38 crore in the same period last financial year (Q4FY19).

The bank registered a loan growth of 21.3% YoY in the final quarter of FY20, while its Q4 provisions stood at Rs 3,784.5 cr vs Rs 1,889.2 cr (YoY).

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

The bank's net interest income (NII) increased by 22.8% per cent YoY to Rs 13,090 crore in Q4FY19

Analysts had on average expected a net profit of Rs 48.43 billion