HDFC Bank Q3 earnings: HDFC Bank on Wednesday reported a standalone profit of Rs 16,735.5 crore for the quarter ended December 31, marking a growth of 2.2 percent over the corresponding period last year. The lender’s numbers surprised the street, as analysts had expected a year-on-year decline in its net profit.
According to Zee Business research, the private sector lender is estimated to register a profit of Rs 16,201 crore in the October-December period.
The bank’s net interest income (NII)—or the difference between profit earned and interest paid—rose to Rs. 30,653.3 crore from Rs 28,471.3 crore in the previous year, translating to a year-on-year growth of 7.7 percent, according to a regulatory filing.
Zee Business analysts put HDFC Bank’s third quarter NII at Rs 30,197 crore.
HDFC Bank Benefits | The quality of the goods deteriorates
HDFC Bank’s latest quarterly profit showed a decline in the lender’s asset quality.
Its non-performing assets (NPAs) as a percentage of total loans—a measure of asset quality—stood at 1.42 percent in the quarter ended December 31, up from 1.36 percent in the previous three months and 1.26 percent in the third. part of FY24.
Similarly, gross loans as a percentage of total loans increased to 0.46 percent in Q3 of FY25, from 0.41 percent in Q2 of FY25 and 0.31 percent in Q3 of FY24.
Shares of HDFC Bank rose around 1.5 percent after the earnings announcement.
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