HDFC Bank rose 1.38% to Rs 726.50 at 15:08 IST on BSE after the bank announced good Q4 March 2014 results during trading hours today, 22 April 2014.
Meanwhile, the BSE Sensex was down 17.08 points, or 0.08%, to 22,747.75.
On BSE, so far 3.40 lakh shares were traded in the counter, compared with an average volume of 2.04 lakh shares in the past one quarter.
The stock hit a high of Rs 728.30 and a low of Rs 718.50 so far during the day. The stock hit a record high of Rs 760.50 on 25 March 2014. The stock hit a 52-week low of Rs 528 on 28 August 2013.
The stock had underperformed the market over the past one month till 21 April 2014, falling 2.35% compared with the Sensex's 4.65% rise. The scrip had also underperformed the market in past one quarter, rising 5.89% as against Sensex's 7.12% rise.
The large-cap company has an equity capital of Rs 479.81 crore. Face value per share is Rs 2.
HDFC Bank's net profit rose 23.11% to Rs 2326.52 crore on 14.94% increase in total income to Rs 12789.98 crore in Q4 March 2014 over Q4 March 2013.
On a consolidated basis, HDFC Bank's net profit rose 27.28% to Rs 8743.49 crore on 18.28% increase in total income to Rs 50852.52 crore in the year ended March 2014 over the year ended March 2013.
On a standalone basis, HDFC Bank's net profit rose 26.05% to Rs 8478.40 crore on 17.03% increase in total income to Rs 49055.18 crore in the year ended March 2014 over the year ended March 2013.
HDFC Bank's ratio of net non-performing assets (NPA) to net advances stood at 0.3% as on 31 March 2014, compared with 0.3% as on 31 December 2013 and 0.2% as on 31 March 2013.
The bank's ratio of gross NPA to gross advances stood at 1% as on 31 March 2014, compared with 1% as on 31 December 2013 and 1% as on 31 March 2013.
Provisions and contingencies fell 4.79% to Rs 286.13 crore in Q4 March 2014 over Q4 March 2013.
The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 16.1% as on 31 March 2014, compared with 14.7% as on 31 December 2013.
Net interest income (interest earned less interest expended) for the quarter ended 31 March 2014 accounted for 71.2% of net revenues and grew by 15.3% to Rs 4952.60 crore from Rs 4295.30 crore for the quarter ended 31 March 2013, driven by average asset growth of 20.3% and a net interest margin for the quarter of 4.4%.
Other income (non-interest income) at Rs 2001.40 crore was 28.8% of the net revenues for the quarter ended 31 March 2014 and grew by 11% over Rs 1803.60 crore in the corresponding quarter ended 31 March 2013.
Total deposits as on 31 March 2014 were Rs 367337 crore, an increase of 24% over 31 March 2013. Savings account deposits grew 16.9% over the previous year to reach Rs 103133 crore. Current account deposits grew 17.5% over the previous year to reach Rs 61488 crore. CASA deposits were 44.8% of total deposits as on 31 March 2014.
Advances as of 31 March 2014, were Rs 303000 crore, an increase of 26.4% over 31 March 2013. The domestic load mix between retail:wholesale is 53:47. Total advances in overseas branches as of 31 March 2014 were at 8% of the total advances as against 4% as of 31 March 2013. Adjusted for the one time increase in FCNR deposits swapped with RBI under the special window in the quarter ended 31 December 2013, and the related foreign currency loans, core deposits and advances growth for the year was 16.9% and 21.8% respectively.
The bank added 341 branches in the year ended 31 March 2014, of which 230 of these branches are in unbanked locations. As of 31 March 2014, the bank's distribution network was at 3,403 branches and 11,256 ATMs in 2,171 cities / towns as against 3,062 branches and 10,743 ATMs in 1,845 cities / towns as of 31 March 2013. 55% of the total branches are now in semi-urban and rural areas.
HDFC Bank is a leading private sector bank in India.
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