HDFC Bank Q3 Profit Rises Slightly to Rs 16,736 Cr
HDFC Bank reported a marginal rise in net profit for the third quarter of FY25, reaching Rs 16,736 crore. Total income also increased, but consolidated income declined. The bank's asset quality also deteriorated.
Photograph: Ajay Verma/Reuters
New Delhi, Jan 22 (PTI) Largest private sector lender HDFC Bank on Wednesday reported a marginal 2 per cent rise in its standalone net profit to Rs 16,736 crore for the third quarter ended December 2024.
The bank had earned a net profit of Rs 16,373 crore in the corresponding quarter of the previous fiscal year.
The total income on a standalone basis rose to Rs 87,460 crore in the third quarter of FY25 against Rs 81,720 crore in the year-ago period, HDFC Bank said in a regulatory filing.
On a consolidated basis, the bank's profit also witnessed a slight improvement to Rs 17,657 crore from Rs 17,258 crore.
The consolidated total income declined to Rs 1,12,194 crore from Rs 1,15,016 crore at the end of the October-November quarter of the previous year.
On the asset quality front, the bank's gross Non-Performing Assets (NPAs) deteriorated to 1.42 per cent of gross loans by the end of December 2024 from 1.26 per cent a year ago.
Net NPAs or bad loans rose to 0.46 per cent compared to 0.31 per cent in 2023.
The bank had earned a net profit of Rs 16,373 crore in the corresponding quarter of the previous fiscal year.
The total income on a standalone basis rose to Rs 87,460 crore in the third quarter of FY25 against Rs 81,720 crore in the year-ago period, HDFC Bank said in a regulatory filing.
On a consolidated basis, the bank's profit also witnessed a slight improvement to Rs 17,657 crore from Rs 17,258 crore.
The consolidated total income declined to Rs 1,12,194 crore from Rs 1,15,016 crore at the end of the October-November quarter of the previous year.
On the asset quality front, the bank's gross Non-Performing Assets (NPAs) deteriorated to 1.42 per cent of gross loans by the end of December 2024 from 1.26 per cent a year ago.
Net NPAs or bad loans rose to 0.46 per cent compared to 0.31 per cent in 2023.
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