HDFC Bank Q3 Results LIVE updates: The largest private sector bank in India - HDFC Bank Ltd - will be posting its quarterly report on earnings and profits today, January 16. While the overall earnings of the bank are expected to be on the higher side, the shares of the bank remained muted on Tuesday
HDFC Bank Q3 results will be posted today
The net interest margins (NIMs) could see the pressure of the high cost of funds for HDFC Bank quarterly results, between a range of 3.4 percent to 3.6 percent. Meanwhile, the net profits for YoY can rise by over 32 percent, according to early trends and experts.
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While high earnings are expected in the quarter ending in December 2023, the share prices of HDFC Bank saw a slight decline on Tuesday. The shares dropped by less than 0.30 percent today, with the overall market experiencing a drop after hitting its all-time high.
Healthy overall earnings are expected for the Q3 results of HDFC Bank, while share prices are also expected to rise gradually as the markets come to a close. It is expected that the net profit of the private sector bank will rise to ₹15,739 crore, according to Economic Times.
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HDFC Bank Q3 Results LIVE updates: Share price up
The share price of HDFC Bank is now recovering ahead of the Q3 results, showing a spike of nearly 0.40 percent. The shares currently stand at ₹1,678.95.
HDFC Bank Q3 Results LIVE updates: Earning trajectory
The key focus of the quarterly results for HDFC Bank will be the earning trajectory of the firm, as well as the updates on post-merger stats and profits.
HDFC Bank Q3 Results LIVE updates: Other quarterly reports today
Apart from HDFC Bank, firms like Federal Bank, ICICI Securities Ltd, L&T Technology Services Ltd, ICICI Lombard and several other firms will also release their Q3 results today.
