HDFC Bank Q3 net up 31% y-o-y

Posted By:
Subscribe to GoodReturns

 HDFC Bank Q3 net up 31% y-o-y
Housing Development Finance Corporation (HDFC) Ltd. announced its financial results for quarter ended December 31, 2011. During the quarter the company has reported 31% year on year (y-o-y) increase in its net profit to Rs 1,430 crores.

The bank has reported the total income of Rs 8,622.6 crores an increse of 36.6% over Rs 6,357.8 crores, for the quarter ended December 31 2011. Net revenues were RS 4,536 crore over Rs 3,904 crore corresponding quarter previous year.

Non-interest revenue, along with income from fees and commissions for trading foreign exchange and derivatives, rose to 25.9%

Net interest income from its core banking operations rose about 12.2% to Rs 3,116 crores. Net Interest margin remained stable at 4.1% while net non-performing assets were untouched at 0.2 %

As on December 31, 2011, the Bank's distribution network was 2,201 branches and 7,110 ATM's in 1,174 cities .

Meanwhile, on BSE the shares of the company were trading at Rs 483.50 up by 3.20 points or 0.67%.

Read more about: hdfc bank, results, revenue, bse
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'