HDFC Bank, a leading private sector lender, on Thursday reported growth of 20.64% in its net profit for the fourth quarter of fiscal year 2015. Market was expecting profit to come at Rs 28.12 billion.

During the quarter, the net profit rose to Rs 28.06 billion as compared to Rs 23.26 billion in the same period last year. Net interest margin for the quarter was at 4.4%.
 
Total revenue grew 21.75% to Rs 155.70 billion over Rs 127.89 billion in the same period a year ago.

The bank has made provision of Rs 5.76 billion, which was higher by 2.01 times from prior year period. Cost-to-income ratio for the quarter was at 44.9% as against 45.7% for the corresponding quarter ended Mar. 31,2014.

Gross non-performing assets (NPAs) were at 0.93% of gross advances as on Mar. 31, 2015, as against 0.98% as on Mar. 31, 2014. Net non-performing assets were at 0.2% of net advances as on Mar. 31, 2015. Total restructured loans (including applications under process for restructuring) were at 0.1% of gross advances as of Mar. 31, 2015.

For the year ended Mar. 31,2015, the bank earned total income of Rs 574.66 billion. Net revenues for the year ended Mar. 31, 2015 were Rs 313.92 billion, up by 18.9% over Rs 264.02 billion for the year ended Mar. 31,2014. Net interest margin for the year remained stable at 4.4%. Cost to income ratio was at 44.6% for the year ended Mar. 31, 2015, as against 45.6% for the previous year.

The bank's net profit for year ended Mar. 31, 2015 was Rs 102.16 billion, up 20.5%, over the year ended Mar. 31, 2014. Consolidated net profit of the bank increased by 22.2% to Rs 106.89 billion for the year ended Mar. 31,2015.

Total deposits as of Mar. 31, 2015 were Rs 4,507.96 billion, an increase of 22.7% over Mar. 31, 2014. Savings account deposits grew 21.1% over the previous year to reach Rs 1,249.27 billion. Current account deposits grew 19.6% over the previous year to reach Rs 735.65 billion. CASA deposits were 44% of total deposits as on Mar. 31, 2015.

Advances as of Mar. 31, 2015 were Rs 3,654.95 billion, an increase of 20.6% over Mar. 31, 2014. This loan growth was contributed by both segments of the bank's loan portfolio, with domestic retail loans and wholesale loans as per the bank's internal business classification growing by 21.8% and 17.6% respectively.

The bank's total Capital Adequacy Ratio (CAR) as at Mar. 31, 2015 stood at 16.8% as against a regulatory requirement of 9%. Of this, Tier-I CAR was 13.7%.

In another announcement, the bank said the Board of Directors has recommended a dividend of Rs 8 a share of Rs 2 each (i.e. 400 %) out of the net profits for the year ended Mar. 31, 2015.

Shares of the bank gained Rs 3.15, or 0.31%, to trade at Rs 1,018.10. The total volume of shares traded was 309,877 at the BSE (3.07 p.m., Thursday).