HDFC Bank gains after declaring Q3 result

HDFC Bank rose 0.63% to Rs 1,944 at 13:15 IST on BSE after net profit rose 20.1% to Rs 4642.60 crore on 17.84% rise in total income to Rs 24450.40 crore in Q3 December 2017 over Q3 December 2016.

The result was announced during market hours today, 19 January 2018.

Meanwhile, the S&P BSE Sensex was up 68.47 points or 0.19% at 35,328.76.

On the BSE, 83,000 shares were traded on the counter so far as against the average daily volumes of 1.72 lakh shares in the past one quarter. The stock was volatile. The stock hit a high of Rs 1,957.85 so far during the day, its record high. The stock had hit a low of Rs 1,919.85 so far during the day. The stock had hit a 52-week low of Rs 1,231.20 on 20 January 2017.

The stock had underperformed the market over the past 30 days till 18 January 2018, rising 2.87% compared with 4.39% rise in the Sensex. The scrip had also underperformed the market in past one quarter, gaining 3.33% as against Sensex's 8.86% rise. The scrip had, however, outperformed the market in past one year, surging 55.3% as against Sensex's 29.12% rise.

The large-cap bank has equity capital of Rs 518.02 crore. Face value per share is Rs 2.

HDFC Bank's gross non-performing assets (NPAs) stood at Rs 8234.88 crore as on 31 December 2017 as against Rs 7702.84 crore as on 30 September 2017 and Rs 5232.27 crore as on 31 December 2016.

The ratio of gross NPAs to gross advances stood at 1.29% as on 31 December 2017 as against 1.26% as on 30 September 2017 and 1.05% as on 31 December 2016.

The ratio of net NPAs to net advances stood at 0.44% as on 31 December 2017 as against 0.43% as on 30 September 2017 and 0.32% as on 31 December 2016.

The bank's provisions and contingencies rose 88.8% to Rs 1351.44 crore in Q3 December 2017 over Q3 December 2016.

HDFC Bank is one of the leading private sector banks in India. As on 31 December 2017, the bank had a network of 4,734 branches and 12,333 ATMs.

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