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NEW DELHI: HDFC Bank posted smaller-than-anticipated quarterly (Q4) profit of Rs 16,511 crore for the January-March quarter (Q4) of the monetary yr 2023-24 (FY24) on Saturday. This marks a 0.84 per cent soar when put next to Rs 16,373 crore clocked within the earlier quarter.
However, the quarterly profit of the most important non-public lender is under analysts’ forecast of Rs 17,315, in accordance to LSEG information.Its web curiosity earnings (NII) elevated to Rs 29,080 crore from Rs 28,470 core within the earlier quarter, whereas the opposite earnings stood at Rs 18,170 crore.
HDFC Bank has reported its core web curiosity margin of three.44% on complete property whereas the gross non-performing property (NPA) ratio got here at 1.24%.
The outcomes can’t be in contrast on a yr-over-yr foundation as HDFC Bank merged with its mother or father firm, Housing Development Finance Corp, within the month of July.
The shares of HDFC Bank settled 2.5% greater prior to the announcement of the outcomes on Friday.
However, the quarterly profit of the most important non-public lender is under analysts’ forecast of Rs 17,315, in accordance to LSEG information.Its web curiosity earnings (NII) elevated to Rs 29,080 crore from Rs 28,470 core within the earlier quarter, whereas the opposite earnings stood at Rs 18,170 crore.
HDFC Bank has reported its core web curiosity margin of three.44% on complete property whereas the gross non-performing property (NPA) ratio got here at 1.24%.
The outcomes can’t be in contrast on a yr-over-yr foundation as HDFC Bank merged with its mother or father firm, Housing Development Finance Corp, within the month of July.
The shares of HDFC Bank settled 2.5% greater prior to the announcement of the outcomes on Friday.
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