HDFC Bank Q1 net profit up 18% to Rs 4,601 crore

NEW DELHI: HDFC Bank on Saturday reported an 18.2 in line with cent build up in its web profit at Rs four,601.44 crore for the quarter ended June.

The private sector lender had registered a web profit of Rs 3,893.84 crore in the corresponding period of the previous fiscal 2017-18.

Total source of revenue for the quarter grew 18.eight in line with cent to Rs 26,367 crore from Rs 22,185.40 crore in the quarter ended June 30, 2017, the bank said in a regulatory filing.

Net revenues (web interest source of revenue plus other source of revenue) greater to Rs 14,631.60 crore from Rs 12,887.four crore earlier.


The web interest source of revenue (interest earned much less interest expended) for the quarter grew through 15.four in line with cent to Rs 10,813.60 crore, from Rs nine,370.70 crore earlier, driven through asset growth and a web interest margin of four.2 in line with cent for the quarter, HDFC Bank said.


On the property entrance, gross non-performing property (GNPAs) stood at 1.33 in line with cent of gross advances as on June 30, 2018, compared to 1.30 in line with cent as on March 31, 2018 and 1.24 in line with cent as on June 30, 2017.


Net non-performing property (NPAs) or dangerous loans were at 0.four in line with cent of web advances as on June 30, 2018, down from 0.44 in line with cent a yr in the past.


Provisions and contingencies for the quarter were at Rs 1,629.four crore as towards Rs 1,558.eight crore for the quarter ended June 30, 2017.
HDFC Bank Q1 net profit up 18% to Rs 4,601 crore HDFC Bank Q1 net profit up 18% to Rs 4,601 crore Reviewed by kailash soni on July 21, 2018 Rating: 5
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