HDFC Bank on Tuesday reported 20.1 per cent year-on-year rise in net profit at Rs 4,151 crore for the September quarter. The numbers came in line with the Street expectations.
The bank said the interest earned during the quarter rose 22.6 % YoY to Rs 13,358 crore.
Gross non-performing assets as percentage of gross advances came in 1.26 per cent for the quarter, compared with 1.24 % in June quarter and 1.02 per cent in the year-ago quarter.
Net interest income for the quarter rose 22 % YoY to Rs 9,752.10 crore from Rs 7,993.6 crore in the year-ago quarter.
The numbers were driven by 17.6 % growth in average assets and 4.3 per cent growth in core net interest margin (NIM), the company said in a regulatory filing.
Other income, meanwhile, rose 24.3 % YoY to Rs 3,605.90 crore. The bank made Rs 1,476.20 crore worth provisions during the September quarter. This included Rs 1,078.80 crore worth special loan loss provisions and Rs 397.40 crore worth of general and other provisions.
More Share Market News & Daily Updates Click here - http://marketmagnify.com/freetrial.php OR Give Miss call @7879881122.
No comments:
Post a Comment