Profit

HDFC Bank's Second Quarter Profit Surges 20%

Net profit rises to Rs 4,151 crore in the three months ended September 30, from Rs 3,455 crore a year earlier.

64 Shares
EMAIL
PRINT
COMMENTS
HDFC Bank's Second Quarter Profit Surges 20%

Gross bad loans as a percentage of total loans stands at 1.26%, compared with 1.24% in previous quarter.

HDFC Bank, the No.2 lender by assets, on Tuesday reported a 20 per cent rise in second-quarter profit, almost in line with analysts' estimates.

Net profit rose to Rs 4,151 crore in the three months ended September 30, from Rs 3,455 crore a year earlier, said the bank, which is country's second-most valuable company with a market capitalisation of about $87 billion.

That compared with average analysts' estimate of Rs 4,161 crore, according to data compiled by Thomson Reuters.

Comments
Gross bad loans as a percentage of total loans stood at 1.26 per cent, compared with 1.24 per cent in the previous quarter and 1.02 per cent a year earlier.
© Thomson Reuters 2017


(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Top