HDFC Bank Q1 Net Profit Up 20%, Bad Loans Jump 13%

HDFC Bank on Thursday

posted a 20 per cent hike
in net profit at Rs.3,238.91
crores for the quarter
ended June 30, 2016 as
compared to Rs.2,695.72
crores
in
the
corresponding quarter a
year back, which is in line
with the expectations and
estimates.
The net interest income of the private lender shot up by 21.80 per cent (YoY) to Rs.7781.44
crores during the quarter under review as compared to Rs.6388.77 crores in the same quarter
last year.
Meanwhile, HDFC Bank share price closed at Rs.1227.30 on NSE today. It had opened at
Rs.1233 from a previous closing of Rs.1228.70. The intraday high stood at Rs. 1238.45. On
the other hand, the intraday low was recorded at Rs.1213.80. the total volume of shares
traded on the National Stock Exchange (NSE) counter stood at a figure of 8,67,142 shares
with a huge traded value of Rs.10,627.95 lac.
Market analysts were expecting net interest income and net profit of Rs.7,697.60 crores and
Rs.3,242.30 crores from HDFC Bank. Other income of the bank soared 14 per cent year-onyear (YoY) to Rs.2,806.61 crores as compared to Rs.2,461.91 cr in the corresponding quarter
last year.
NPA - Net non-performing assets of HDFC Bank hiked by 13.1 per cent to Rs.1493.39 crores
as compared to Rs.1320.37 crores in the previous quarter ended March 31, 2016. Percentage
of net NPA to net advances read at 0.32 per cent as compared to 0.28 per cent in the JanMarch 2016 period.
For more details on HDFC Bank, please visit HDFC Bank share price history.

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