HDFC Bank on Friday reported Q4 results in line with market expectations. The Bank earned a net profit of Rs 3,374.2 crores, an increase of 20.2% over the quarter ended March 31, 2015.
The Bank's net profit for year ended March 31, 2016 stood at Rs 12,296.2 crores, up 20.4%, over the year ended March 31, 2015.
The consolidated net profit of the Bank increased by 19.8% to Rs 12,801.3 crores for the year ended March 31, 2016.
Here are 5 major takeaways from HDFC bank results
1) The Board of Directors recommended a dividend of Rs 9.50 per equity share of Rs 2 for the year ended March 31, 2016, as against Rs 8.00 per equity share of Rs 2 for the previous year.
2) Gross non-performing assets (NPAs) were at 0.94% of gross advances as on March 31, 2016, as against 0.93% as on March 31, 2015. Net non-performing assets were at 0.3% of net advances as on March 31, 2016.
3) Net interest income for the quarter ended March 31, 2016 grew by 24.0% to Rs 7,453.3 crores, from Rs 6,013.2 crores for the quarter ended March 31, 2015 driven by average assets growth of 23.8% and a core net interest margin for the quarter of 4.3%.
4) The four components of other income for the quarter ended March 31, 2016 were fees & commissions of Rs 2,172.4 crores, foreign exchange & derivatives revenue of Rs 282.8 crores, gain on revaluation / sale of investments of Rs 115.5 crores and miscellaneous income including recoveries of Rs 295.2 crores.
5) The Bank's total Capital Adequacy Ratio (CAR) as per Basel III guidelines, was at 15.5% as at March 31, 2016 (16.8% as at March 31, 2015) as against a regulatory requirement of 9%.
Shares of the bank were seen trading at Rs 1094, higher by 0.32 per cent on BSE at 2.22 pm IST. It touched an intra-day high at Rs 1100 during the trade.