7 Key Takeaways From HDFC Bank Q1

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HDFC Bank on Thursday reported Q1 results meeting market expectations. The bank reported a 20.15 per cent rise in net profit to Rs 3,238.91 crore for the quarter ended June 30.

Shares of the bank were seen trading at Rs 1230, lower by 0.17 per cent on BSE at 2.16 pm IST. It touched an intra-day high and 52-week high of Rs 1239 during trade.

7 Key Takeaways From HDFC Bank Q1
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7 Key Takeaways From HDFC Bank Q1

1) Total income rose to Rs 19,322.63 crore during the quarter under review, up 17.08 as against Rs 16,502.97 crore in the same period last year.

2) Net revenues increased by 19.6% to Rs 10,588.1 crores for the quarter ended June 30, 2016 from Rs 8,850.7 crores in the corresponding quarter of the previous year.

3) Net interest income for the quarter ended June 30, 2016 grew by 21.8% to Rs 7,781.4 crores, from Rs 6,388.8 crores for the quarter ended June 30, 2015, driven by average assets growth of 20.2% and a net interest margin for the quarter of 4.4%.

4) Other income stood at Rs 2,806.6 crores was 26.5% of the net revenues for the quarter ended June 30, 2016 and grew by 14.0% over Rs 2,461.9 crores in the corresponding quarter ended June 20, 2015.

5) HDFC Bank's gross non-performing assets (NPAs) increased marginally to 1.04 per cent of gross advances as against 0.95 per cent at the end of first quarter of the last fiscal.

6) The Bank's total Capital Adequacy Ratio (CAR) as per Basel III guidelines, was at 15.5% as at June 30, 2016 (15.7% as at June 30, 2015) as against a regulatory requirement of 9%.

7) The cost to income ratio of the bank for the quarter was at 45.0% against 45.2% for the corresponding quarter ended June 30, 2015.

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