Q1 Results Today: What to expect from HDFC Bank and Kotak Bank’s earnings
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The week will end with the announcement of 33 earnings on Saturday where heavyweight HDFC Bank will declare its April-June quarter results along with lenders Kotak Mahindra Bank and Yes Bank. Other important results that the Street would be keeping its eye on include Can Fin Homes, JK Cement, Poonawalla Fincorp and Netweb Technologies. On Friday, key results of Reliance Industries (RIL), Wipro, UltraTech Cement and JSW Steel were reported. Here's a preview of what the numbers might look like for HDFC Bank and Kotak Mahindra Bank: HDFC Bank Q1 Preview HDFC Bank is likely to put up a muted show in the quarter ended June 2024, compared with the preceding March quarter, mainly due to weak deposit growth. The numbers with the year-ago period are not comparable, owing to its merger with HDFC Ltd. Net profit for the June quarter is likely to fall about 5% year-on-year, according to an average estimate of five brokerages. Meanwhile, net inter...