HDFC Bank Reports 12% Profit Surge, Net Profit Reaches ₹18,155.21 Crore
HDFC Bank, India's largest private sector lender, reported a 12% year-on-year increase in net profit to ₹18,155.21 crore. Total income grew by 18.5% to ₹99,200.03 crore. Basic Earnings Per Share (EPS) rose by 11.4% to ₹23.71. The bank's debt-equity ratio improved from 1.02 to 0.61. On a consolidated basis, HDFC Bank and its subsidiaries reported a net profit of ₹16,257.91 crore and total income of ₹133,054.97 crore.
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HDFC Bank , India's largest private sector lender, has reported a robust 12% year-on-year increase in net profit. The bank's financial performance demonstrates strong growth amid a dynamic economic environment.
Key Financial Highlights
- Net Profit: ₹18,155.21 crore (12% YoY growth)
- Total Income: ₹99,200.03 crore (18.5% YoY growth)
- Basic Earnings Per Share (EPS): ₹23.71 (11.4% YoY growth)
Profit and Income Growth
HDFC Bank's net profit stood at ₹18,155.21 crore, marking a significant 12% increase from ₹16,174.75 crore in the corresponding quarter of the previous year. This growth in profitability underscores the bank's resilience and effective strategic execution.
The bank's total income saw a substantial rise, reaching ₹99,200.03 crore compared to ₹83,701.25 crore in the same period last year, representing an impressive 18.5% year-on-year growth. This increase in income reflects the bank's ability to capitalize on market opportunities and expand its revenue streams.
Improved Earnings Per Share
Basic earnings per share (EPS) increased to ₹23.71 from ₹21.28 in the same period last year, showcasing an 11.4% growth. This improvement in EPS indicates enhanced value creation for the bank's shareholders.
Balance Sheet Strength
HDFC Bank's balance sheet reflected a strong financial position:
- Equity Share Capital: ₹766.79 crore
- Reserves (excluding revaluation reserves): ₹496,854.21 crore
Enhanced Financial Ratios
The bank's debt-equity ratio improved significantly, decreasing to 0.61 from 1.02 in the corresponding quarter of the previous year. This improvement suggests a stronger capital structure and reduced financial leverage.
Consolidated Performance
On a consolidated basis, HDFC Bank and its subsidiaries reported:
- Net Profit: ₹16,257.91 crore
- Total Income: ₹133,054.97 crore
Conclusion
HDFC Bank's results demonstrate the bank's continued growth trajectory and its ability to navigate the evolving financial landscape. The double-digit growth in net profit, coupled with significant improvements in income and key financial ratios, positions HDFC Bank favorably for sustained performance in the coming quarters.
Historical Stock Returns for Atv Projects
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -2.01% | -9.04% | -5.81% | -4.81% | +768.89% |
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