{"id":134965,"date":"2022-10-20T05:46:39","date_gmt":"2022-10-20T09:46:39","guid":{"rendered":"https:\/\/44.250.171.167\/?p=134965"},"modified":"2022-10-20T05:46:41","modified_gmt":"2022-10-20T09:46:41","slug":"hdfc-bank-limiteds-22-growth-in-profits-due-to-provisions-and-contingencies","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/hdfc-bank-limiteds-22-growth-in-profits-due-to-provisions-and-contingencies\/","title":{"rendered":"HDFC Bank Limited\u2019s 22% growth in Profits due to Provisions and Contingencies"},"content":{"rendered":"\n

HDFC Bank Ltd.<\/a>‘s Total Income for Q2 FY23 has increased by 19% YoY to \u20b949,18,210 lakhs. Profits rose by 22% YoY to \u20b911,12,521 lakhs. Total Expenditure grew by 25% YoY for Q2 FY 2023.<\/p>\n\n\n\n

\"\"<\/a><\/figure><\/div>\n\n\n\n

Return on Average Assets grew to 0.51% from 0.50% a year ago. In this quarter\u2019s\u00a0results<\/a>, it is clearly visible that reduction in provisions and contingencies are the major drivers of growth in profitabilty. Provisions and Contigencies decrease by 17% YoY is the reason as to why there is an 10% jump in Operating Profits but a 22% jump in Profits.<\/p>\n\n\n\n

To further read this quarter\u2019s research sheet, check out this\u00a0link<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

HDFC Bank Ltd.‘s Total Income for Q2 FY23 has increased by 19% YoY to \u20b949,18,210 lakhs. Profits rose by 22% YoY to \u20b911,12,521 lakhs. Total Expenditure grew by 25% YoY for Q2 FY 2023. Return on Average Assets grew to 0.51% from 0.50% a year ago. In this quarter\u2019s\u00a0results, it is clearly visible that reduction […]<\/p>\n","protected":false},"author":1885,"featured_media":134966,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,1,6350],"tags":[151],"class_list":["post-134965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-finance-stocks","category-trending-stocks","tag-banking"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-HDFCBANK.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":131808,"url":"https:\/\/alphastreet.com\/india\/hdfc-bank-limiteds-21-growth-in-profits-due-to-provisions-and-contingencies\/","url_meta":{"origin":134965,"position":0},"title":"HDFC Bank Limited\u2019s 21% growth in Profits due to Provisions and Contingencies","author":"Karan_Singh","date":"July 29, 2022","format":false,"excerpt":"Total Income for Q1 FY23 has increased by 14% YoY to \u20b944,20,232 lakhs. Profits rose by 21% YoY to \u20b99,57,911 lakhs. Total Expenditure grew by 21% YoY for Q1 FY 2023. Return on Average Assets grew to 0.46% from 0.45% a year ago. 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Profit After Tax rose by 32% YoY to \u20b9 59,053 lakhs. Income from Premiums grew by 18% YoY and Income from Investments grew by 15% YoY for Q2 FY 2023. 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