HDFC Bank Net Profit Rises 16% To Rs 7,729 Crore In 1st Quarter Of Current Fiscal

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HDFC Bank Q1 Earnings: Net revenue rose to 16 per cent in April-June quarter

HDFC Bank Q1 FY22 Results: HDFC Bank, the nation’s largest non-public lender, reported a internet revenue of Rs 7,729.6 crore on a standalone foundation, marking a rise of 16.1 per cent within the April-June quarter from Rs 6,658.6 crore throughout the identical interval final yr. The financial institution’s whole earnings stood at Rs 36,771 crore, in comparison with Rs 34,453 crore within the year-ago interval.

HDFC Bank Q1 Results: Here’s All You Need To Know

  1. On a sequential foundation, the financial institution’s standalone internet revenue declined 5.9 per cent, in comparison with Rs 8,186 crore reported at the top of the previous January-March quarter in the monetary yr 2020-21 (Also Read: HDFC Bank Profit Rises 18% To Rs 8,186 Crore In March Quarter )

  2. The financial institution’s gross non-performing asset (NPA) stood at 1.37 per cent of the gross advances (1.3 per cent excluding NPAs within the agricultural phase), in comparison with 1.32 per cent within the previous March quarter, and 1.36 per cent within the year-ago interval.

  3. HDFC Bank’s internet curiosity earnings – the distinction between curiosity earned and curiosity expended – grew to Rs 17,009.0 crore, in comparison with Rs 15,665.4 crore within the year-ago interval, pushed by advances progress of 14.4 per cent, and a core internet curiosity margin of 4.1 per cent

  4. The financial institution’s non-interest income (different earnings) at Rs 6,288.5 crore was 27 per cent of the online revenues and registered a progress of 54.3 per cent, in comparison with Rs 4,075.3 crore within the corresponding quarter of the earlier fiscal

  5. HDFC Bank mentioned that enterprise actions remained curtailed for nearly two-thirds of the quarter attributable to disruptions led by the second wave of the COVID-19 pandemic. This resulted in decrease revenues, a lower in retail mortgage origination, sale of third-party merchandise, amongst others.

  6. The working bills within the June quarter had been Rs 8,160.4 crore, marking a progress of 18.1 per cent, in comparison with Rs 6,911.5 crore in the corresponding quarter of the earlier fiscal. The cost-to-income ratio for the quarter stood at 35 per cent. 

  7. HDFC Bank’s internet revenues – internet curiosity earnings plus different earnings, elevated by 18 per cent to Rs 23,297.5 crore for the April-June quarter, in comparison with Rs 19,740.7 crore in the identical quarter of the earlier fiscal.

  8. The financial institution reported a pre-provision working revenue of Rs 15,137 crore, registering a progress of 18 per cent, in comparison with the year-ago interval. Profit earlier than tax stood at Rs 10,306.2 crore within the June quarter, up 15.3 per cent year-on-year.

  9. HDFC Bank’s steadiness sheet dimension within the quarter stood at Rs 17,53,941 crore, up 13.5 per cent in comparison with Rs 15,45,103 crore within the corresponding interval of the earlier fiscal.

  10. On Friday, July 16, shares of HDFC Bank settled 0.08 per cent larger at Rs 1521.70 apiece on the BSE



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