HDFC Bank Net Profit Rises 18% To Rs 8,186 Crore In March Quarter On Higher Income

HDFC Bank Q4 Earnings: Net profit jumped to 18 per cent in January-March quarter

HDFC Bank Q4FY21 Results: HDFC Bank, the country’s largest private lender, reported a net profit of Rs 8,186.51 crore on Saturday, April 17, marking an 18.1 rise in the January-March quarter. The bank’s total income increased to Rs 38,017 crore on a standalone basis, compared to Rs 35, 917 crore in the year-ago period.

HDFC Bank Q4 Results: Here’s All You Need To Know

  1. On a sequential basis, the standalone net profit declined 6.5 per cent, compared to Rs 8,758 crore reported at the end of the preceding October-December quarter in the financial year 2020-21, according to HDFC bank. (Also Read: HDFC Bank Q3 Results: Net Profit Jumps 18% To Rs 8,758.3 Crore, Asset Quality Improves )

  2. HDFC Bank’s net interest income – the difference between interest earned and interest expended – grew by 12.6 percent to Rs 17,120 crore in the fourth quarter, compared to Rs 15,204 crore, in the year-ago period. This was driven by advances growth of 14 per cent and a core net interest margin of 14.2 per cent.

  3. The operating expenses for the fourth quarter were Rs 9,181.3 crore crore, an increase of 10.9 per cent over Rs 8,277.8 crore during the corresponding quarter of the previous fiscal. The cost-to-income ratio for the quarter was at 37.2 per cent, compared to 39 per cent, in the year-ago period.

  4. HDFC Bank’s net revenues or net interest income plus other income grew to Rs 24,714.1 crore in the fourth quarter of the financial year, compared to Rs 21,236.6 crore in the same quarter of previous fiscal.

  5. On Friday, April 16, shares of HDFC Bank settled 0.12 per cent lower at Rs 1428.45 apiece on the BSE.

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