HDFC Bank Q3 Results LIVE updates: Share price show slight decline; what to expect from quarterly earnings
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.
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.
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.
Follow all the updates here:
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Jan 16, 2024 12:30 PM IST
HDFC Bank Q3 Results LIVE updates: Q2 result recap
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HDFC Bank Q3 Results LIVE updates: Core earnings to be muted
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HDFC Bank Q3 Results LIVE updates: Underperforming shares
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HDFC Bank Q3 Results LIVE: Shares up 9% in 3 months
While the shares fell flat on the Q3 result day, HDFC Bank shares have been up by around 9 percent over the last three months.
Jan 16, 2024 11:29 AM IST
HDFC Bank Q3 Results LIVE: Net profit predictions
According to brokerage Motilal Oswal Financial Services, the net profit of HDFC Bank is expected to rise by 32 percent in the quarter ending in December 2023.
Jan 16, 2024 11:26 AM IST
HDFC Bank Q3 Results LIVE updates: Share price drops
The share prices of HDFC Bank dropped by 0.25 percent on BSE on Tuesday, ahead of the quarterly results of the company.
