 "HDFC Bank Q2 net up 27.1% to Rs 1,982 cr")
Private sector lender HDFC Bank today reported 27.1% 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% 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% to Rs 1,471.8 crore, HDFC Bank said in a statement.
The net interest margin of the bank declined marginally to 4.3% as against 4.4%.
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% to Rs 4,31,166.77 crore at the end of the reporting quarter.
Its net advances were up 16% at Rs 2,68,617 crore as compared to the September 2012 figure, while deposits were up 14.2% at Rs 3,13,011 crore.
The bank scrip was trading at Rs 657.50, down 1.45%, in the afternoon trade on the BSE.
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% 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% to Rs 1,471.8 crore, HDFC Bank said in a statement.
The net interest margin of the bank declined marginally to 4.3% as against 4.4%.
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% to Rs 4,31,166.77 crore at the end of the reporting quarter.
Its net advances were up 16% at Rs 2,68,617 crore as compared to the September 2012 figure, while deposits were up 14.2% at Rs 3,13,011 crore.
The bank scrip was trading at Rs 657.50, down 1.45%, in the afternoon trade on the BSE.
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 →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
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
SAVE 25%