HDFC Bank Shares Rise After Q2 Earnings

New Delhi, Oct 20 (PTI) Shares of HDFC Bank on Monday climbed nearly 2 per cent after the company reported a 10 per cent jump in consolidated net profit for the September quarter.

The stock went up by 1.74 per cent to reach its 52-week high of Rs 1,020 on both the BSE and NSE.

HDFC Bank on Saturday reported a 10 per cent jump in consolidated net profit for the September quarter at Rs 19,610.67 crore.


On a standalone basis, the largest private sector lender's net rose 10.82 per cent to Rs 18,641.28 crore for the July-September period.

The bank's overall income rose to Rs 91,040 crore as against Rs 85,499 crore in the year-ago period.

The gross non-performing assets ratio improved to 1.24 per cent as of September from 1.40 per cent three months ago and 1.36 per cent in the year-ago period.

Overall provisions increased to Rs 3,500 crore from Rs 2,700 crore in the year-ago period, but was much lower than Rs 14,441 crore recorded in the previous quarter.