HDFC Bank NSE -0.34% on Saturday reported separate net income for the quarter ended June 30, 2022, up 19% year on year to Rs 9,195.99 crore. The net profit of the company was 7729 rupees. This was reported in the quarter of last year.
Analysts polled by ET NOW valued PAT at Rs 9,800.
The country’s largest private lender reported a 13% increase in total revenue in the June 2022 quarter to Rs 41,560.27 million from Rs 36,771.47 million in June 2021. At Rs 41,085.78 crores.
Net interest income (NIP) from private financial institutions increased by 14.5% to EEK 19,481.4 from EEK 17,009 in the same period last year. The base interest rate spread was 4% of total assets.
Similarly, the non-interest income also rose to Rs 90.116 billion from Rs 628.86 billion in the same period last year.
HDFC Bank created provisions of Rs 3,187.7 crore in the June 2022 quarter, down 34% from Rs 430.8 crore in the same quarter last year.
Gross Non-Performing Assets (GNPA) was 1.28% in the first quarter of FY23, compared with 1.47% in the first quarter of FY22, but higher than the 0.32% recorded in the fourth quarter of FY22.
Borrowers’ net non-performing assets (NNPA) decreased from 0.48% in the first quarter of 2022 to 0.35% in the first quarter of 2013 but rose slightly to 0.32% in the fourth quarter of 2022.
The lender added 725 branches and 29,039 employees in the past 12 months and added 36 branches and 10,932 employees this quarter, according to a statement from HDFC Bank.
HDFC Bank’s first quarter results: net income rose 19% year on year to Rs 919.6 billion, and net interest rose 14.5%.
The bank reported a 13% increase in revenue from Rs 36,771.47 crore in the June quarter of 2021 to Rs 41,560.27 crore in the June quarter of 2022.
New Delhi: HDFC Bank, India’s largest private financial institution, posted a net profit of Rs 9,195.55 trillion, up 19% from a year earlier, for the quarter ended July 16 and June 30, 2022. amounted to 77,296.4 billion rupees.
Analysts polled by ET NOW had forecast a PAT of Rs 9,800.
The bank posted a 13% growth in the June 2022 quarter to Rs 41,560.27 million from Rs 36,771.47 million in June 2021. Consistently, the earnings figure was down 8.9% from Rs 10,055.18 crore, but revenue increased marginally. 410,857 billion rupees.
Net interest income (NIF) increased by 14.5% year on year to Rs 19,481.4 for the quarter ended June 30, 2021, from Rs 17,009. This is based on an increase in the down payment of 22.5%, a deposit of 19.2%, and the total payment. Assets increased by 20.3%. The base interest rate margin was 4% on total assets and 4.2% on interest-bearing assets.
Operating profit before provisions (PPOP) increased by 14.7% in the quarter ended June 30, 2021, to Rs 15,367.8 crore, excluding trading losses and price laundering. In response, the bank listed a total of Rs 4,830.8 crore for the first quarter of 2022 in a statement…
In terms of loans, gross non-performing assets (GNPA) were 1.28 percent in the first quarter of 2013, up from 1.47 percent in the first quarter of FY22, but higher than the 0.32 percent reported in the fourth quarter. 2019. Loans in FY22 decreased from 0.48% in the first quarter of FY22 to 0.35% in the first quarter of FY23 but increased slightly to 0.32% in the fourth quarter of FY2222.
Many analysts say borrowers are seeing credit growth and asset quality improving as businesses return to near-pre-crisis operations.
As of June 30, the bank’s Basel III capital adequacy ratio fell to 19.1% from 18.1% a year earlier, compared with the regulatory requirement of 11.7%