Q2 Results Today: HDFC Bank, RBL Bank, Kotak Mahindra Bank, and More Set to Report

Q2 Results Today: Today, a significant day in the Indian financial calendar will be seen as major companies, such as HDFC Bank, RBL Bank, and Kotak Mahindra Bank, announce their Q2 results for FY25. Investors and analysts have specially been paying attention to HDFC Bank's results as it adjusts to its recent merger with HDFC Ltd.

The HDFC Bank space is witnessing close watch on financial performance. Analysts have forecast that NII for Q2 FY25 will be at ₹30,133 crore, which denotes a whopping 10% growth year over year from ₹27,385 crore reported in the same quarter last year. The NII growth provides a robust growth trajectory for HDFC Bank during such changed market dynamics.

Other major companies that are set to declare Q2 results are Kotak Mahindra Bank, Tech Mahindra, and IndiaMART InterMESH. The banking space has seen some decent momentum recently as the BSE Sensex rose 218.14 points and the Nifty Bank Index gained 1.57%.

Although the IT sector seems to face minor setbacks, especially after Infosys reported a 4.22% decline, the overall sentiment regarding the banking and financial sectors appears positive. HDFC Bank NIM is also likely to recover gradually as the bank sharpens its deposit strategy post-merger and further cements market presence.

As the day unfolds, focus will be on the financial results from these big players. HDFC Bank's is especially important as it gives a pointer to the general health of banking in India.