HDFC Bank retreats from record high in volatile trade

HDFC Bank fell 0.26% to Rs 1,112.75 at 12:15 IST on BSE in volatile trade after net profit rose 20.71% to Rs 2695.72 crore on 26.25% growth in total income to Rs 16502.97 crore in Q1 June 2015 over Q1 June 2014.

The result was announced during market hours today, 21 July 2015.

Meanwhile, the S&P BSE Sensex was down 27.10 points or 0.1% at 28,393.02

On BSE, so far 1.35 lakh shares were traded in the counter as against average daily volume of 1.14 lakh shares in the past one quarter.

The stock saw high intraday volatility. The stock rose 1.1% at the day's high of Rs 1,127.90 so far during the day, which is also record high for the stock. The stock fell as much as 1.2% at the day's low of Rs 1,102.20 so far during the day. The stock had hit a 52-week low of Rs 792 on 11 August 2014.

The large-cap private bank has equity capital of Rs 502.29 crore. Face value per share is Rs 2.

HDFC Bank's net interest income (interest earned less interest expended) grew by 23.5% to Rs 6388.80 crore in Q1 June 2015 over Q1 June 2014, driven by average asset growth of 25.9% and a net interest margin for the quarter of 4.3%

HDFC Bank's ratio of net non-performing assets (NPAs) to net advances stood at 0.27% as on 30 June 2015, compared with 0.25% as on 31 March 2015 and 0.32% as on 30 June 2014. Total restructured loans (including applications under process for restructuring) stood at 0.1% of gross advances as on 30 June 2015, as against 0.2% of gross advances as on 30 June 2014.

The bank's ratio of gross NPAs to gross advances stood at 0.95% as on 30 June 2015, compared with 0.93% as on 31 March 2015 and 1.07% as on 30 June 2014.

Provisions and contingencies surged 50.79% to Rs 727.99 crore in Q1 June 2015 over Q1 June 2014.

The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 15.7% as on 30 June 2015, compared with 16.8% as on 31 March 2015 and 15.1% as on 30 June 2014.

As on 30 June 2015, the bank's distribution network was at 4,101 branches and 11,962 ATMs. The bank opened 87 new branches and 196 new ATMs in Q1 June 2015.

HDFC Bank is a leading private sector bank in India.

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