HDFC Bank Announces 22% Jump In Q2 Consolidated Net Profit

HDFC Bank on Saturday reported a 22.30 per cent jump in its consolidated net profit for the September quarter at Rs 11,125.21 crore, according to a PTI report.

The city-headquartered lender had reported a consolidated net profit of Rs 9,096.19 crore in the year-ago period.

The last trading price of HDFC Bank Ltd is Rs 1441 apiece with its 52-week high at Rs 1724 apiece and 52-week low at Rs 1271 apiece, respectively. It has a market capitalisation of Rs 8,02,686.80 crore. The stock has given return of 55% in last 5 years and 19% in last 3 years.

On a standalone basis, the largest private sector bank's net profit rose by over 20 per cent to Rs 10,605.78 crore as against Rs 8,834.31 crore in the year-ago period and Rs 9,196 crore in the preceding June quarter, added the PTI report.

For the reporting quarter, its total income rose to Rs 46,182 crore from Rs 38,754 crore in the year-ago period, while the expenditure, excluding provisions and contingencies, climbed to Rs 28,790 crore from Rs 22,947 crore, the bank said.

The overall share of gross non-performing assets improved to 1.23 per cent of the book as against 1.35 per cent in the year-ago period and 1.28 per cent three months ago, stated the PTI report.