HDFC Bank records net profit of Rs 6,658.62 crore in Q1FY21
HDFC Bank Ltd., an Indian banking and financial services announced its quarterly results on July 18, 2020.
Total Income of the bank stood at Rs 34,453.28 crore in Q1FY21, which increased by 6.5 per cent YoY, as against Rs 32,361.84 crore in Q1FY20. The bank reported an operating profit of Rs 12,829.27 crore in Q1FY21 with a growth of 15.1 per cent YoY, compared to Rs 11,147.24 crore in Q1FY20.
Net interest income (NII) reported was Rs 15,665.42 crore in Q1FY21, which increased by 17.8 per cent YoY, as against Rs 13,294.25 crore in Q1FY20. Provisions and contingencies stood at Rs 3,891.52 crore in Q1FY21, which increased by 48.9 per cent YoY, as against Rs 2,613.66 crore in Q1FY20.
The profit after tax (PAT) reported at Rs 6,658.62 crore for Q1FY21, which increased by 19.6 per cent, as compared to Rs 5,568.2 crore in Q1FY20.
Capital adequacy ratio stood at 18.9 per cent in Q1FY21, which increased by 4 bps, as against 18.5 per cent in Q4FY20.
Gross NPA was reported at Rs 13,773.46 crore with a growth of 8.9% QoQ. Net NPA was reported at Rs 3,279.96 crore witnessing a decline of 7.4% QoQ.
Gross NPA stood at 1.4 per cent in Q1FY21 which increased by 14 bps, as against 1.26 per cent in Q4FY20. Net NPA stood at 0.3 per cent in Q1FY21 as against 0.36 per cent in Q4FY20 which declined by 3 per cent QoQ.
On Friday, the stock closed with a growth of 3.46 per cent at Rs 1,099.15 with on BSE.
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Particulars
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Q1FY21 (Rs in cr)
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Q1FY20
(Rs in cr)
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per cent change
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Operating profit
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12,829.27
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11,147.24
|
15.1
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Net interest income
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15,665.42
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13,294.25
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17.8
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Provisions and contingencies
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3,891.52
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2,613.66
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48.9
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Net Profit
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6,658.62
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5,568.16
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19.6
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|
|
|
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Particulars
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Q1FY21
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Q4FY20
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change
|
|
Capital Adequacy Ratio (%)
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18.9
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18.5
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4 bps
|
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Gross NPA(%)
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1.36
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1.26
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0.1 bps
|
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Net NPA (%)
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0.33
|
0.36
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-0.03 bps
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