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HDFC Bank Results Consolidated Financial Results


Consolidated net revenue of the bank for the quarter ending December 31, 2023 up 113.5%
increased to ₹ 717.7 billion, up from ₹ 336.2 billion for the quarter ending December 31, 2022
Was. Consolidated profit after tax for the quarter ending December 31, 2023 at ₹ 172.6 billion
Was. 35.9% higher than the quarter ending December 31, 2022. December 31, 2023
Earnings per share for the quarter ended 2017 were 22.7 and per share as of December 31, 2023
Book value was 576.0. Consolidated profit after tax for the nine months ending December 31, 2023 Rs 464.4 billion was, which is 39.0% higher than the nine months ending December 31, 2022.

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Standalone Financial Results:

Profit and Loss Account: Quarter ending December 31, 2023

The bank’s net revenue for the quarter ending December 31, 2023 increased by 25.8% to Rs 396.1 billion 314.9 billion for the quarter ending December 31, 2022.

Net interest income (expenses earned less interest) increased by 23.9% to Rs 284.7 billion for the quarter ending December 31, 2022 from Rs 229.9 billion Was billion. Core net interest margin on total assets was 3.4%, and interest earned 3.6% based on assets.

Other Income (Non-Interest Revenue) for the quarter ending December 31, 2023 111.4 billion, while it was 85.0 billion in the quarter ending December 31, 2022. Was billion. Other income for the quarter ending December 31, 2023 Component fees and commission were ₹69.4 billion (₹60.5 billion in the same quarter). previous year), foreign exchange and derivatives revenues of Rs 12.1 billion (previous ₹ 10.7 billion in the same quarter of the year), net business and mark to Market profit 14.7 billion (2.6 billion in the same quarter last year)  and miscellaneous income, including realizations and dividends, amounting to Rs 15.2 billion (11.1 billion in the same quarter last year).

Operating expenses for the quarter ending December 31, 2023 at ₹ 159.6 billion Which was 28.1% higher than ₹ 124.6 billion during the same quarter last year. Is. The cost-to-income ratio for the quarter was 40.3%. Pre-Provision Operating Profit (PPOP) for the same quarter last year In comparison, it increased by 24.3% to 236.5 billion.

Provisions and contingencies for the quarter ending December 31, 2023 Rs 42.2 billion While it was Rs 28.1 billion for the quarter ending December 31, 2022. of the current quarter The total provisions included contingency provisions of ₹ 12.2 billion.

Total Credit Cost Ratio (except contingent provisions mentioned above) was 0.49%, while it was 0.74% for the quarter ending December 31, 2022.

Profit before tax (PBT) for the quarter ending December 31, 2023 was Rs 194.3 billion. taxation After providing ₹30.6 billion for the loan, the bank made a net profit of ₹163.7 billion, which There is an increase of 33.5% compared to the quarter ending December 31, 2022. Rolen Sheetsey of 3D December 2022.

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