Shares of HDFC Bank today rose by 2 per cent after the company reported 20.22 per cent increase in net profit for the quarter ended June 30.
The stock gained 2 per cent to Rs 1,737.90 - its 52-week high - on BSE.
At NSE, shares of the company went up 2 per cent to Rs 1,738.
The private sector lender today reported 20.22 per cent increase in net profit to Rs 3,893.84 crore for the first quarter of 2017-18 fiscal.
The bank had earned a profit of Rs 3,238.91 crore in the April-June quarter of last fiscal.
Total income rose to Rs 22,185.38 crore during the quarter under review, up 14.81 per cent against Rs 19,322.63 crore in the same period last year, HDFC Bank said in a BSE filing.
As of June 30, HDFC Bank's gross non-performing assets (NPAs) increased marginally to 1.24 per cent of gross advances as against 1.04 per cent at the end of first quarter of the last fiscal.
Net non-performing assets stood at 0.44 per cent of net advances as on June 30 as against 0.32 per cent reported in the first quarter of the previous fiscal.
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