Index Investing News
Saturday, May 24, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

HDFC Bank Q3 Results: Profit, NII see double-digit growth, exceed analysts’ expectations

by Index Investing News
January 14, 2023
in Financial
Reading Time: 4 mins read
A A
0
Home Financial
Share on FacebookShare on Twitter


HDFC Bank — India’s largest lender by market value — reported a strong set of results for the October-December period. Its net profit stood at Rs 12,259.5 crore, up 18.5 per cent on a year-on-year basis, and net interest income (NII) — or the difference between interest earned and interest paid — grew 24.6 per cent to Rs 22,987.8 crore, according to a regulatory filing. Both topline and bottomline exceeded analysts’ estimates.

According to Zee Business research, HDFC Bank’s quarterly net profit was estimated at Rs 11,900 crore and revenue at Rs 22,500 crore.

HDFC Bank’s core net interest margin — a key measure of profitability for lenders — was at 4.1 per cent on total assets, and 4.3 per cent based on interest earning assets, according to the filing.

The lender’s asset quality remained steady, as gross bad loans as a percentage of total advances remained unchanged at 1.23 per cent compared with the July-September period — also in line with analysts’ estimates. 

Net non-performing assets — or bad loans — also remained unchanged on a quarter-on-quarter basis, at 0.33 per cent.

HDFC Bank reported provisions and contingencies of Rs 2,806.4 crore for the quarter ended December 2022, as against Rs 2,994 crore for the year-ago period.

The lender’s total deposits increased 19.9 per cent on a year-on-year basis to Rs 17,33,204 crore, as of December 31, 2022.

It posted 12 per cent growth in CASA (current account and savings account) deposits, with savings account deposits at Rs 5,35,206 crore and current account deposits at Rs 2,27,745 crore.

Its total balance sheet expanded 18.4 per cent on year to Rs 22,95,305 crore, as of December 31, 2022.

HDFC Bank shares ended higher by Re 1.2 or 0.1 per cent at Rs 1,600.9 apiece on BSE, as against a 0.5 per cent rise in the benchmark Sensex index. 

The stock rewarded investors with a return of 14.4 per cent in the quarter ended December 2022, a period in which the 30-scrip gauge rose 5.9 per cent.





Source link

Tags: AnalystsBankdoubledigitexceedexpectationsGrowthHDFCNIIprofitResults
ShareTweetShareShare
Previous Post

The Right’s Unnecessary Civil War

Next Post

Flagship: Slightly Cheaper Than UMH Properties (OTCMKTS:FLGMF)

Related Posts

Aegis Vopak Terminals IPO: Firm raises Rs 1,260 crore from Nomura, Aberdeen 30 different anchor buyers

Aegis Vopak Terminals IPO: Firm raises Rs 1,260 crore from Nomura, Aberdeen 30 different anchor buyers

by Index Investing News
May 24, 2025
0

Storage options supplier Aegis Vopak Terminals has raised Rs 1,260 crore crore from 32 anchor buyers, allocating over 5.36 crore...

Salesforce exec says rise of AI brokers means ‘each job must be rethought’

Salesforce exec says rise of AI brokers means ‘each job must be rethought’

by Index Investing News
May 24, 2025
0

© 2025 Fortune Media IP Restricted. All Rights Reserved. Use of this website constitutes acceptance of our Phrases of Use...

Bicara: Inventory Decline On FICERA Summary Launch Creates Shopping for Alternative (NASDAQ:BCAX)

Bicara: Inventory Decline On FICERA Summary Launch Creates Shopping for Alternative (NASDAQ:BCAX)

by Index Investing News
May 24, 2025
0

This text was written byComply withTerry Chrisomalis is a personal investor within the Biotech sector with years of expertise using...

Leela Lodges Operator Schloss Bangalore Raises Rs 1,575 Crore From Anchor Traders Forward Of IPO

Leela Lodges Operator Schloss Bangalore Raises Rs 1,575 Crore From Anchor Traders Forward Of IPO

by Index Investing News
May 23, 2025
0

Schloss Bangalore, the operator of the Indian luxurious resort 'The Leela', has finalised allocation of 36,206,896 fairness shares to anchor...

India to push Monetary Motion Job Power to place Pakistan on gray record once more: Sources

India to push Monetary Motion Job Power to place Pakistan on gray record once more: Sources

by Index Investing News
May 23, 2025
0

The Narendra Modi authorities plans to recommend putting Pakistan again to the “gray record” at a key assembly of the...

Next Post
Flagship: Slightly Cheaper Than UMH Properties (OTCMKTS:FLGMF)

Flagship: Slightly Cheaper Than UMH Properties (OTCMKTS:FLGMF)

Nvidia’s Cloud Gaming Ambition Grows; Stock Premium Justified

Nvidia's Cloud Gaming Ambition Grows; Stock Premium Justified

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

India Q3 GDP data may overstate growth trends, economists say By Reuters

India Q3 GDP data may overstate growth trends, economists say By Reuters

March 1, 2024
Ace River Capital Q2 2023 Quarterly Letter

Ace River Capital Q2 2023 Quarterly Letter

July 12, 2023
Rachel Maddow Says MSNBC Won’t Broadcast ‘Untrue Things.’ That’s Untrue. – FREEDOMBUNKER

Rachel Maddow Says MSNBC Won’t Broadcast ‘Untrue Things.’ That’s Untrue. – FREEDOMBUNKER

January 18, 2024
Clever Offers Its Own Take On The Lead-Referral Model

Clever Offers Its Own Take On The Lead-Referral Model

February 12, 2023
Analysis-Use of weather derivatives surges as extreme climate events rock the globe By Reuters

Analysis-Use of weather derivatives surges as extreme climate events rock the globe By Reuters

October 12, 2023
How the Monetary Insurance policies of Trump and Harris Might Affect Actual Property Traders

How the Monetary Insurance policies of Trump and Harris Might Affect Actual Property Traders

August 9, 2024
Brazil’s Luis Inacio Lula da Silva defeats Bolsonaro to win presidency again in stunning comeback

Brazil’s Luis Inacio Lula da Silva defeats Bolsonaro to win presidency again in stunning comeback

October 31, 2022
Latest Brighton transfer news – De Zerbi’s top option, £4m gem on radar

Latest Brighton transfer news – De Zerbi’s top option, £4m gem on radar

January 6, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In