HDFC Bank Ltd Q3FY24; 39% rise in Profits

The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an ‘in principle’ approval from the Reserve Bank of India (RBI) to set up a bank in the private sector. HDFC Bank is a publicly held banking company, the bank was incorporated in August 1994 in the name of ‘HDFC Bank Limited’, with its registered office in Mumbai, India. It is engaged in providing a range of banking and financial services including retail banking, wholesale banking and treasury operations. It is promoted by HDFC Ltd. which has 19.32% stake as on September 30, 2020. Currently, HDFC Bank Ltd. (HBL) is the largest private sector bank in India.

Financial Results:

HDFC Bank Ltd reported Revenues for Q3FY24 of ₹78,008.00 Crores up from ₹45,002.00 Crore year on year, a rise of 73.34%.

Total Expenses for Q3FY24 of ₹93,772.00 Crores up from ₹37,187.00 Crores year on year, a rise of 152.16%.

Consolidated Net Profit of ₹17,718.00 Crores up 39.13% from ₹12,735.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹22.73, down 0.18% from ₹22.77 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.