HDFC Bank Q4 Results: Profit Up By 20.2%

Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    The country's largest private sector lender HDFC Bank Ltd reported a 20.2 percent rise in net profits for the fourth quarter of the financial year 2017-18, backed by its stable asset quality.

    In a regulatory filing today, HDFC Bank reported a year-on-year (YOY) increase in net profit to Rs 4,799 crore from Rs 3,990 crore in the same quarter under question in the previous fiscal year.

    HDFC Bank Q4 Results: Profit Up By 20.2%

    Its core income from operations, known as Net Interest Income (NII) was up by 17.7 percent to Rs 10,658 crore for the January-March 2018 quarter from Rs 9,055 crore in the same quarter last year.

    Its gross non-performing assets (NPA) ratio was at 1.3 percent, keeping its asset quality stable. It was 1.29 for the September- December 2017 quarter (Q3).

    HDFC Bank's other income was reported to be Rs 4,228.6 crore. Provisions for bad loans increased to Rs 1,541 crore from Rs 1,352 crore in Q3. Total deposits saw a 22.5 percent year-on-year increase to Rs 7.8 lakh crore. Reports also show a loan growth of 18.7 percent from the corresponding quarter last year, bringing total advances to Rs 6.58 lakh crore.

    Net interest margin remains unchanged at 4.3 percent.

    Read more about: hdfc hdfc bank q4
    Story first published: Saturday, April 21, 2018, 18:34 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more