HDFC Bank hits record high after good Q4 numbers

HDFC Bank was up 1.37% to Rs 1,481.95 at 13:46 IST on BSE after net profit rose 18.25% to Rs 3990.09 crore on 14.3% growth in total income to Rs 21560.66 crore in Q4 March 2017 over Q4 March 2016.

The result was announced during market hours today, 21 April 2017.

Meanwhile, the S&P BSE Sensex was down 77.67 points or 0.26% at 29,344.72.

On the BSE, 2.46 lakh shares were traded on the counter so far as against the average daily volumes of 2.78 lakh shares in the past one quarter. The stock had hit a high of Rs 1,485.70 so far during the day, which is a record high. The stock hit a low of Rs 1,455.10 so far during the day.

The stock had hit a 52-week low of Rs 1,084.35 on 20 April 2016. It had outperformed the market over the past one month till 20 April 2017, advancing 1.7% compared with the Sensex's 0.33% fall. The scrip had also outperformed the market over the past one quarter, gaining 18.22% as against the Sensex's 8.83% rise.

The large-cap bank has equity capital of Rs 512.51 crore. Face value per share is Rs 2.

The bank's gross non-performing assets (NPAs) rose to Rs 5885.66 crore as on 31 March 2017 as against Rs 5232.27 crore as on 31 December 2016 and Rs 4392.83 crore as on 31 March 2016.

The ratio of gross NPAs to gross advances stood at 1.05% as on 31 March 2017 as against 1.05% as on 31 December 2016 and 0.94% as on 31 March 2016. The ratio of net NPAs to net advances stood at 0.33% as on 31 March 2017 as against 0.32% as on 31 December 2016 and 0.28% as on 31 March 2016.

The bank's provisions and contingencies surged 90.47% to Rs 1261.80 crore in Q4 March 2017 over Q4 March 2016.

HDFC Bank's board recommended a dividend of Rs 11 per share for the year ended March 2017 (FY 2017).

HDFC Bank is one of the leading private sector banks in India.

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