HDFC Bank Q1 Result: HDFC Bank, the largest private sector bank, has announced its quarterly results. HDFC Bank has said in the information given to the stock markets that the total net profit during April to June 2024 has been Rs 16,175 crore. The bank’s net profit has seen an increase of 35 percent on an annual basis. A year ago, HDFC Bank had made a net profit of Rs 11,592 crore in this quarter. Let us tell you, the profit of the bank in the March quarter was Rs 16,511 crore.
In the information given by the largest private bank, it has said that it has earned interest of Rs 73,033 crore during April to June. The bank had earned Rs 48,587 crore in the same quarter a year ago. There has been an increase of 50 basis points on an annual basis. The total income of the bank has increased to Rs 83,701 crore in the June quarter, which was Rs 57,816 crore in the same quarter of the last financial year.
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Increase in NII
HDFC Bank has said that there has been an increase of 26.4 percent in net interest income in the June quarter. During this period the NII of the company has been Rs 29,840 crore. Net interest income was Rs 23,600 crore in the same quarter a year ago.
Bank’s NPA increased
The bank’s gross non-performing assets (NPA) ratio increased to 1.33 percent from 1.24 percent in March. HDFC Bank’s overall capital adequacy at the end of June quarter stood at 19.33 per cent.
HDFC Bank shares closed at Rs 1607.10 on Friday with a decline of 0.46 per cent. The 52 week high level of the bank is Rs 1791.90 and the 52 week low level of the company is Rs 1363.45.
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