HDFC Bank Q4 Result : The integrated net profit of HDFC Bank, the largest private sector bank in the country, stood at Rs 17,622.38 crore with a growth of 2.11 percent in the March quarter of the last financial year. The consolidated net profit of the company in the October-December 2023 quarter of the last financial year was Rs 17,257.87 crore. HDFC Bank on Saturday said its net profit on standalone basis stood at Rs 16,511.85 crore in the March quarter, compared to Rs 16,372.54 crore in the December quarter.
Net interest was Rs 29,080 crore
The bank had merged its home loan focused parent company HDFC in July last year. Its core net interest income increased to Rs 29,080 crore in the quarter under review. While other income increased to Rs 18,170 crore. The bank reported its core net interest margin on total assets at 3.44 percent. The gross non-performing assets ratio has come down to 1.24 percent.
HDFC Bank shares rise
On the last trading day of this week, HDFC Bank shares closed with gains. The stock closed at Rs 1531.30 on the Bombay Stock Exchange with a gain of 2.46 per cent or Rs 36.70. The 52 week high of this share is Rs 1757.80. Whereas, 52 week low is Rs 1363.45. The total market cap of the bank stood at Rs 11,63,314.93 crore on BSE. This is a share with face value of Re 1. Its EPS (TTM) is 21.58. Whereas, PE is 17.87.
Latest Business News