HDFC Bank Q4 Net Profit Surges 21 Per cent to Rs 2,807 crore

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Private lender HDFC Bank reported net profit of Rs 2,807 crore for the fourth quarter ended March 2015.

The Bank's total income for the quarter ended March 31, 2015 was Rs 15,570.1 crores, an increase of 21.7 per cent over 12,790 crores for the quarter ended March 31, 2014.

HDFC Bank Q4 Net Profit Surges To Rs 2,807 crore
HDFC Bank: Quotes, News
BSE 1277.05BSE Quote17.95 (1.41%)
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Net revenues increased by 23.3 per cent to Rs 8,576.9 crores for the quarter ended March 31, 2015 as against Rs 6,954.1 crores for the corresponding quarter of the previous year.

Net interest income (interest earned less interest expended) for the quarter ended March 31, 2015 grew by 21.4 per cent to Rs 6,013.2 crores from Rs 4,952.6 crores for the quarter ended March 31, 2014, driven by average asset growth of 21.2% and a net interest margin for the quarter of 4.4 %, said in the BSE filing.

The Board of Directors recommended a dividend of Rs 8.00 per equity share of Rs 2 for the year ended March 31, 2015, as against Rs 6.85 per equity share of Rs 2 for the previous year.

Gross non-performing assets (NPAs) were at 0.93% of gross advances as on March 31, 2015, as against 0.98% as on March 31, 2014.

The shares of the bank were seen trading at Rs 1018, higher by 0.58 per cent on BSE at 3.10 pm IST.

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Read more about: hdfc bank, net profit, results
Story first published: Thursday, April 23, 2015, 15:04 [IST]
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