Skip to main content

What is the expectations of Analyst for the Q4 FY25 (quarter ended March 31, 2025) earnings of HDFC Bank and ICICI Bank?




Analyst expectations for the Q4 FY25 (quarter ended March 31, 2025) earnings of HDFC Bank and ICICI Bank, based on recent analyst reports. Both banks are scheduled to announce their results on Saturday, April 19, 2025.  

HDFC Bank Q4 FY25 Expectations:

Analysts generally expect HDFC Bank to report moderate growth, with continued focus on managing margins and the loan-to-deposit ratio post-merger.

  1. Net Profit (PAT): Expected to show modest year-on-year (YoY) growth, likely in the range of 2% to 7%. Sequentially (QoQ), profit is expected to be flat or show low single-digit growth. Estimates from various brokerages place the PAT around the ₹16,900 crore to ₹17,600 crore mark.
    • Key Driver: Lower provisions compared to the previous year are expected to support profit growth.  
  2. Net Interest Income (NII): Expected to grow moderately YoY, with most estimates falling between 5.5% and 9%. QoQ growth is anticipated to be lower, around 1-3%. Some analysts see NII around ₹31,000 crore to ₹31,600 crore.
  3. Net Interest Margin (NIM): Likely to remain under pressure or stay broadly flat compared to the previous quarter (Q3 FY25), potentially around 3.4% to 3.5%. Efforts to manage the liability mix and reduce high-cost borrowings are key focus areas.
  4. Loan & Deposit Growth: Based on provisional figures, loans grew around 5.4% YoY and 4% QoQ, while deposits saw stronger growth at 14.1% YoY and 5.9% QoQ. Analysts expect continued focus on deposit mobilization to improve the Credit-Deposit Ratio (CDR).
  5. Asset Quality: Expected to remain stable or show slight improvement. Gross Non-Performing Assets (GNPA) are likely to be steady around 1.4%, with potential minor improvement in Net NPAs (NNPA). Slippages are expected to be contained.  
  6. Pre-Provision Operating Profit (PPOP): Expected to decline significantly YoY (around 11-14%) due to base effects and potentially lower other income, but may show a slight improvement QoQ (around 1-4%).
  7. Key Monitorables: Management commentary on NIM trajectory, guidance on loan and deposit growth, strategy for reducing the CDR, and updates on meeting Priority Sector Lending (PSL) requirements.  

ICICI Bank Q4 FY25 Expectations:

Experts anticipate another strong quarter for ICICI Bank, driven by robust business growth and healthy asset quality, although margins might face some pressure.  

  1. Net Profit (PAT): Expected to report strong double-digit YoY growth, with estimates ranging from 8% to as high as 15%. QoQ growth is likely to be flat or show a marginal increase. Profit figures are projected in the range of ₹11,600 crore to ₹12,300 crore.
  2. Net Interest Income (NII): Expected to grow healthily YoY, likely between 7.5% and 11%. QoQ growth is expected to be modest, around 1-4%. NII estimates range from roughly ₹20,500 crore to ₹21,200 crore.
  3. Net Interest Margin (NIM): Expectations are somewhat mixed, but the consensus leans towards NIM being broadly stable or slightly lower sequentially (QoQ), potentially around 4.2-4.3%. Most analysts expect a YoY contraction due to lagged deposit repricing and potential impact from recent policy rate cuts, though some sources mention potential modest expansion QoQ supported by CRR cuts or asset mix changes.
  4. Loan & Deposit Growth: Robust loan growth is expected, around 14-15% YoY and 3% QoQ, driven by retail, MSME, and corporate segments. Deposit growth is also expected to be strong, potentially around 11-14% YoY and 3-4% QoQ.
  5. Asset Quality: Expected to see further improvement. Slippages are likely to moderate compared to the previous quarter, partly due to seasonality and recovery in specific portfolios like KCC. GNPA and NNPA ratios are expected to decline further. Credit costs are likely to remain low.
  6. Pre-Provision Operating Profit (PPOP): Anticipated to show strong YoY growth, in the range of 10% to 18%, supported by NII growth and potentially higher treasury gains. QoQ growth is expected to be flat or show low single-digit improvement.
  7. Key Monitorables: Outlook on NIMs especially considering recent rate cuts, sustainability of loan and deposit growth momentum, commentary on asset quality trends (slippages and provisions).

In summary, ICICI Bank is expected to report stronger growth figures compared to HDFC Bank for Q4 FY25, primarily driven by robust loan growth and stable asset quality. HDFC Bank's performance is expected to be steady but moderated by ongoing post-merger adjustments and margin management.

Disclaimer: These are only suggestive technical rules that have been found to work well over time in the market. These are not any trading or investing recommendations. We suggest you to take advice from certified experts for trading and investing. Neither PickMyStox nor any of its associates are responsible for any trading or investing loss.

Comments

Popular Tutorials

Reliance Q1 Result: What is Good, Bad and Ugly?

Reliance Industries' Q1 results were a mixed bag, with positive aspects in revenue growth countered by a decline in net profit. The Good  * Revenue grew 12% year-on-year, driven by higher realizations in the oil-to-chemical (O2C) business.  * Reliance Retail, the company's retail arm, saw strong growth in both revenue and profit, indicating continued momentum in the segment.  * Jio, Reliance's telecom arm, also reported a marginal increase in profit quarter-on-quarter. The Bad  * Net profit fell 5.4% year-on-year, primarily due to rising input costs. This decline disappointed some investors who had anticipated higher profits.  * Jio's profit growth fell short of some analysts' expectations. The Ugly  * EBITDA margin narrowed by 1.5 percentage points year-on-year, indicating pressure on profitability. Overall Reliance's Q1 results paint a mixed picture. While revenue growth is a positive sign, the decline in net profit and margin compression rais...

How was Tata Consultancy Services (TCS) Q4 results for the Fiscal Year 2024-2025?

Tata Consultancy Services (TCS) announced its Q4 results for the fiscal year 2024-2025 today, April 10, 2025. Here are the key highlights:   Financial Performance: Revenue: ₹64,479 crore, up 5.29% year-on-year (YoY) from ₹61,237 crore in Q4 FY24. This represents a 0.79% increase compared to the previous quarter (Q3 FY25 revenue of ₹63,973 crore). Net Profit: ₹12,224 crore, a decrease of 1.69% YoY compared to ₹12,434 crore in Q4 FY24. However, this is a 1.2% increase from the net profit of ₹12,380 crore in Q3 FY25.   EBIT: ₹15,601 crore, a decrease of 0.36% YoY compared to ₹15,657 crore in Q4 FY24. Margin: 24.19%, down 27 basis points (bps) YoY from 24.47%.   Dividend: TCS declared a final dividend of ₹30 per equity share. Key Points and Context: The results are announced as the IT sector faces a trend of subdued growth. Analysts had anticipated flat revenue growth, stable deal wins, and a slight increase in net profit.   Focus will be on the manag...

ICICI Bank's Q3 FY25 results: A Quick Analysis

ICICI Bank's Q3 FY25 results showed a positive picture with a 15% increase in net profit to Rs 11,792 crore. Positives : Strong Profit Growth: The significant increase in net profit demonstrates the bank's healthy financial performance. Increased Interest Income:  Higher interest income indicates strong loan growth and a favorable interest rate environment. Stable Asset Quality: The bank maintained stable asset quality with controlled non-performing assets (NPAs). Potential Concerns: Slight Decline in Net Interest Margin (NIM): While still strong, a slight decrease in NIM compared to previous quarters might be a minor concern. Competition: The banking sector remains competitive, which could pose challenges to maintaining market share and profitability. Overall: ICICI Bank's Q3 FY25 results were generally positive, reflecting strong financial performance and a stable operating environment. However, it's crucial to monitor key metrics like NIM and competition ...