HDFC Bank Q1 preview: PAT likely to jump 27% YoY on stable asset quality

Loans extended under the agricultural segment would remain under the analysts and investors' radar as the bank has been consistently increasing provisions under the segment

April-June quarter of financial year 2019-20 (Q1FY20) is expected to bring cheers to HDFC Bank as analysts expect a 27 per cent year on year (YoY) rise in the bank’s net profit coupled with moderate decline in slippages. The private lender will announce its June quarter results on July 20.

Supported by base effect, analysts at Prabhudas Lilladher peg the bank’s Q1FY20 net profit at Rs 5,865 crore, up 27.5 per cent YoY from a profit of Rs 4,601.4 crore clocked in the June quarter of previous fiscal (Q1FY19). The bank had reported a profit of Rs 5,885.1 crore in the