Leading private sector lender HDFC Bank today reported a 33.8 per cent increase in its June quarter net profit at Rs 811.71 crore.
The bank had reported Rs 606 crore profit in the corresponding quarter last fiscal.
Total income rose by 4.3 per cent to Rs 5,360 crore in the April-June quarter up from Rs 5,136 crore in the same period last year, HDFC Bank said in a filing to the BSE.
Gross non-performing assets declined to 1.21 per cent from 2.05 per cent during the quarter, while the net interest margin rose marginally to 4.3 per cent from 4.2 per cent a year earlier.
The bank's provisions were down at Rs 555 crore from over Rs 658 crore in the same quarter last fiscal.
Shares of the bank rose 0.57 per cent to Rs 2,050.35 on the BSE, on a day when the broader Sensex closed down 27 points at 17,928.42.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app