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24 February, 2020 08:54 IST
HDFC Bank Q3 earnings grow 20% to Rs 55.85 bn
Source: IRIS | 21 Jan, 2019, 10.54AM
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HDFC Bank, a leading private sector lender, today reported a growth of 20.32% in net profit for the second quarter of fiscal year 2018. During the quarter, the net profit rose to Rs 55.85 billion as compared to Rs 46.42 billion in the same period last year.

Total income grew 26.02% to Rs 308.11 billion over Rs 244.50 billion in the same period a year ago.

Provisions and contingencies for the quarter ended December 31, 2018 were Rs 22.11 billion as against Rs 13.51 billion.

Net interest income (interest earned less interest expended) for the quarter ended December 31, 2018 grew by 21.9% to Rs 125.76 billion, from Rs 103.14 billion for the quarter ended December 31, 2017, driven by asset growth of 23.7% and a core net interest margin for the quarter of 4.3%.

Shares of the bank gained Rs 18.2, or 0.85%, to trade at Rs 2,149.40. The total volume of shares traded was 51,963 at the BSE (9.55 a.m., Monday).

H D F C Bank Limited   (Q,N,C,F)*

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