HDFC Bank Q3 Results: Net Profit Rises 2.2% YoY At Rs 16,736 Crore, Beats Estimate
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HDFC Bank reports a 2.2 per cent jump in its net profit to Rs 16,736 crore for the third quarter ended December 2024 (Q3 FY24).
HDFC Bank has declared its Q3 results.
HDFC Bank, India’s largest private sector lender, on Wednesday reported a 2.2 per cent jump in its standalone net profit to Rs 16,736 crore for the third quarter ended December 2024 (Q3 FY24). The results beat the market estimates.
Its net interest income, the difference between the interest expended and interest earned, increased 8 per cent YoY to Rs 30,690 crore, according to a regulatory filing.
The bank’s gross non-performing assets (NPA) stood at Rs 36,019 crore at the end of the December 2024 quarter, which is higher as compared with Rs 31,012 crore. Its gross NPA ratio rose 18 bps to 1.42 per cent at the end of Q3, from 1.26 per cent year-on-year.
At 14:25 pm, HDFC Bank’s shares were trading with a gain of 1.29% at Rs 1,662.00.
(The story will be updated)
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