HDFC Bank Q1 preview: Analysts see up to 30% rise in profit; slippages eyed

Amid the muted economic activity, analysts across the board, expect the lender's bottomline to shrink during the quarter on a sequential basis even as they see up to 30 per cent year-on-year growth

HDFC Bank Q1 Preview: Amid the muted economic activity, analysts across the board, expect HDFC Bank's bottomline to shrink during the June quarter of FY22 (Q1Fy22) on a sequential basis even as they see up to 30 per cent year-on-year growth on a low base. However, suspension of business activity for the second straight year, due to the second wave of Covid-19, makes them watchful of its SME, unsecured, and agri books.

The Mumbai-based lender's near washed-out business operation during the quarter is reflected in its stock price. The scrip added just 0.3 per cent in three months to June as