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HDFC Bank's Q2 results, due October 17, 2026, show net interest income (NII) projected to grow 8.9% YoY to Rs 34,370 crore, but profit after tax (PAT) forecasts range from 1.4% to 8.3% growth, reflecting divergent analyst expectations.

HDFC Bank Q2 Results: NII to Rise 8.9% YoY, PAT Forecasts Vary Widely

HDFC Bank is set to report Q2 FY27 results on October 17, 2026, with net interest income (NII) forecast to rise 8.9% YoY to Rs 34,370 crore, driven by loan growth, according to MOFSL. ICICI Securities estimates NII at Rs 33,978.8 crore, a 7.7% YoY increase. Deposit mobilisation and asset quality will be key focus areas for investors, with MOFSL projecting deposits to grow 19.4% YoY.

The bank's PAT forecasts vary widely, with JM Financial predicting a 1.4% YoY rise to Rs 18,908 crore, while ICICI Securities forecasts 8.3% growth to Rs 20,195.9 crore. MOFSL estimates PAT at Rs 19,370 crore, a 3.9% YoY increase. Credit costs are expected to stay within 45-50 basis points, with gross non-performing assets (GNPA) moderating to 1.1%.

Analysts highlight the challenge of balancing deposit growth with margin pressures. Strong deposit mobilisation could support loan expansion but may raise funding costs. MOFSL's cut in earnings per share estimates for FY27 and FY28 signals tempered growth expectations. Rising credit costs and margin compression risks could pressure operating profits.

Investors face uncertainty over profitability, with divergent PAT forecasts reflecting differing views on cost management and provisioning strategies. MOFSL's Buy rating with a Rs 925 target price highlights potential upside, but the bank's ability to sustain NII growth while managing margins remains critical.

HDFC Bank will announce its Q2 results for the quarter and half-year ended September 30, 2026, on October 17, 2026.

HDFC Bank's Q2 results may show NII growth of up to 9% YoY, but PAT forecasts vary widely, reflecting uncertainty in profitability. The bank's ability to balance deposit growth with margin pressures will be critical.

Topics: HDFC Bank, Financial Results, Net Interest Income, PAT Forecasts, Deposit Growth, Credit Costs, Loan Expansion, Financial Sector, India Markets

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Source: ET Markets