12,352.35-3.15
Stock Analysis, IPO, Mutual Funds, Bonds & More

HDFC Bank posts slowest quarterly profit growth in a decade; Q2 PAT at Rs 1982 crore

The bank's net interest income was up 15.3% to Rs 4,476.5 crore from Rs 3,731.7 crore in the second quarter of the previous fiscal.

PTI|
Updated: Oct 15, 2013, 03.17 PM IST
0Comments
HDFC Bank Q2 PAT at Rs 1982 crore vs Rs 1560 crore YoY
MUMBAI: Private sector lender HDFC Bank today reported 27.1 per cent jump in net profit to Rs 1982.3 crore for the July-September quarter.

It had posted a net profit of Rs 1,559.9 crore for the corresponding period last year. The bank's net interest income was up 15.3 per cent to Rs 4,476.5 crore from Rs 3,731.7 crore in the second quarter of the previous fiscal.

The non-interest income increased by 25.3 per cent to Rs 1,471.8 crore, HDFC Bank said in a statement. The net interest margin of the bank declined marginally to 4.3 per cent as against 4.4 per cent.

The bank's total income moved up to Rs 11,937.7 crore for the quarter, from Rs 10,146.7 crore in the corresponding period last year, it said. The second largest private sector lender saw its balance sheet size increase 14.2 per cent to Rs 4,31,166.77 crore at the end of the reporting quarter.

Its net advances were up 16 per cent at Rs 2,68,617 crore as compared to the September 2012 figure, while deposits were up 14.2 per cent at Rs 3,13,011 crore. The bank scrip was trading at Rs 657.50, down 1.45 per cent, in the afternoon trade on the BSE.
Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service