HDFC Bank Q2 Results Live Updates: Net profit at ₹15,980 crore, NII at ₹27,385 crore

 

HDFC Bank Q2 Results Live Updates: (Hdfc bank results today) HDFC Bank, the largest private sector lender in the country, announced its earnings for the second quarter of FY24 on Monday, 16 October, 2023. This is the first quarterly financial result of HDFC Bank after it was merged with mortgage lender Housing Development Finance Corporation (HDFC) effective July 1. The bank reported an on-year rise in its net profit and net interest income in Q2FY24. Stay tuned to our HDFC Bank Q2 Results Live Blog for the latest updates: 

HDFC Bank Q2 Results Live: Key highlights

HDFC Bank Q2 Results Live: Here are the key highlights of the fiscal results declared by the lender for the September 2023 quarter 

Net profit rises by 6 percent YoY to ₹15,980 crore. 

NII up 6.7 percent YoY at ₹ ₹27,385 crore.

Operating profit up 30.5 percent YoY to 22,694 crore.

Operating expenses surge by 37.2 percent YoY to ₹15,399 crore.

Net revenue increased by 114 percent YoY to ₹66,317 crore.

Gross NPA stood at 1.34 percent, net NPA increased to 0.35 percent.

HDFC Bank Q2 Results Live: Balance sheet, total deposits, capital adequacy ratio & other details

HDFC Bank Q2 Results Live: The total balance sheet as of September 2023 stood at ₹34,16,310 crore, as against ₹22,27,893 crore in the year-ago period. Total deposits grew 29.8 percent on-year to ₹21,72,858 crore, and the capital adequacy ratio came in at 19.5 percent as of September 30, 2023, as compared to 18 percent in the year-ago period. 

HDFC Bank Q2 Results Live: Net revenue up 114% to ₹66,317 crore

HDFC Bank Q2 Results Live: The bank in a release said its consolidated net revenue grew by 114.8 percent to ₹b66,317 crore in Q2FY23 from ₹30,871 crore in the year-ago period. “The consolidated profit after tax for the half year ended September 30, 2023 was ₹29,182 crore, up 40.9%, over the half year ended September 30, 2022," it added. 

HDFC Bank Q2 Results Live: Gross, net NPA jump QoQ

HDFC Bank Q2 Results Live: The gross non-performing assets of the lender jumped to 1.34 percent in Q2FY23, as against 1.17 percent in the preceding June 2023 quarter. Similarly, the net NPA climbed to 0.35 percent from 0.30 percent in the preceding quarter.

.hdfc bank results today hindi

.Hdfc bank q2 results 2023 date

.hdfc bank results expectations

.hdfc bank results vs estimates

.hdfc bank results q1 2023

.hdfc bank results q3 2023

.Hdfc quarter 2 results

.Hdfc bank results today

.HDFC Bank results