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HDFC Bank Reports YoY Net Profit Growth of 18% for Q1
HDFC Bank reported a net profit growth of 18.17 percent on a year-on-year (YoY) basis at Rs 4,601.44 crore for the first quarter (Q1) of 2018-19 from Rs 3,893.84 crore in the same quarter of the previous year.
The net interest income (NII) was up by 15.40 percent to Rs 10,813.57 crore for the June 2018 ended quarter from Rs 9,370.74 crore in June 2017. The largest private bank's asset quality remained stable during the period in review.
The ratio of gross non-performing assets (NPAs) was at 1.33 percent for the April-June period as against 1.30 percent in the previous quarter. Net NPAs were at 0.41 percent against 0.40 percent in the March-ended quarter.
The provisions and contingencies rose to Rs 1,629.37 crore in the June ended quarter from Rs 1,541.10 crore in March. The figures stood at Rs 1,558.60 crore in the year-ago period. As of June 30, 2018, the total balance sheet was at Rs 10,80,409 crore against Rs 8,95,653 crore in the previous year.
