HDFC Bank, one of the leading private sector lenders, on Friday reported growth of 25.10% in its quarterly net profit.
The bank earned a profit of Rs 23.26 billion for the quarter ended Dec. 31, 2013. Analysts had expected profit of Rs 23.24 billion.
The bank's quarterly income totaled at Rs 127.39 billion, an increase of 17.76% over Rs 108.18 billion in the same period a year ago.
Net interest income for the quarter ended Dec. 31, 2013 accounted for 68.3% of net revenues and grew by 16.4% to Rs 46.35 billion from Rs 39.82 billion for the same period last year. Net interest margin for the quarter was at 4.2% as against 4.3% for corresponding quarter ended Dec. 31, 2012.
Net NPA was at Rs 7.97 billion for the quarter ended Dec. 31, 2013, as compared to Rs 4.96 billion for the quarter ended Dec. 31, 2012, representing decrease of 60.82%.
Meanwhile in percentage term, net NPA increased to 0.3% as on Dec. 31, 2013 from 0.2% as on Dec. 31, 2012.
Capital Adequacy Ratio of the bank, under Basel III was at 14.7% as on Dec. 31, 2013.
