HDFC Bank’s net profit for Q2 FY25 increased by 5 percent year-on-year to Rs 16,821 crore, surpassing market expectations. A survey of seven brokerages had predicted the bank’s second-quarter net profit at Rs 16,570 crore.
The bank’s net interest income (NII) also saw a 10 percent year-on-year rise, reaching Rs 30,114 crore, slightly below the estimated Rs 30,306 crore. HDFC Bank reported a core net interest margin of 3.46 percent on total assets and 3.65 percent on interest-earning assets, as per a stock exchange filing.
The gross non-performing assets (GNPA) ratio increased slightly to 1.36 percent as of September, compared to 1.33 percent in the previous quarter, while net NPAs rose to 0.41 percent from 0.39 percent.
In absolute terms, gross NPAs increased to Rs 34,251 crore from Rs 33,026 crore, and net NPAs grew to Rs 10,309 crore from Rs 9,508 crore quarter-on-quarter. Provisions for the quarter stood at Rs 2,701 crore, up 4 percent from Rs 2,602 crore in the previous quarter.
Download Results PDF
- Financial Results for the quarter and half year ended September 30, 2024.
- Press Release to announce Financial Results for the quarter and half year ended September 30, 2024.
- Key Parameters_Financial Results for the Quarter ended September 30, 2024.
- Q2FY25 Earnings Presentation.
