HDFC Bank Q3 FY2015 Net Profit at Rs 2794 crore

HDFC bank has announced its October-December quarter results for the financial year 2015. Net Profit for the bank has shown as 20.2 percent rise from Rs 2325 crore in Q3 FY 2014 to Rs 2794 crore in third quarter ending FY 2015.

HDFC bank’s net profit went up by 20.4 percent to Rs 7409.01 crore in the nine months ended December 31, 2014 as against 6151.8 crore a year ago.

Total Income for the third quarter FY 2015 was Rs 14930.7 crore compared to Rs 12739 crore for the same quarter FY 2014. HDFC bank’s net interest income and other income were at Rs 8234.8 crore for the quarter ending December FY 2015 over Rs 6783 crore in the corresponding quarter of the previous year, increase of 21.4%.

HDFC

HDFC Bank’s Interest earned increased from Rs 10,590.7 crore in the quarter ended December 31, 2013 to Rs 12,395.8 crore in the quarter ended December 31, 2014, up by 17.0%.

With interest expense increasing by 12.4% to Rs 6,695.9 crore for the quarter ended December 31, 2014, the net interest income (interest earned less interest expended) grew by 23.0% to Rs 5,699.9 crore from Rs 4,634.8 crore for the quarter ended December 31, 2013. Net interest margin for the quarter was at 4.4% as against 4.2% for corresponding quarter ended December 31, 2013.

Other income (non-interest revenue) is at Rs 2,534.9 crore for the quarter ended December 31, 2014 and grew by 18.0% over Rs 2,148.3 crore in the corresponding quarter ended December 31, 2013.

Gross NPA (non-performing assets) for HDFC were at 0.99% of gross advances as on December 31, 2014, as against 1.02% as on September 30, 2014 and 1.01% as on December 31, 2013.

Net NPA were at 0.26% of net advances as on December 31, 2014. Total restructured loans (including applications under process for restructuring) were at 0.1% of gross advances as of December 31, 2014 as against 0.2% as of December 31, 2013.

HDFC Bank’s distribution network was at 3,659 branches and 11,633 ATMs in 2,287 cities, an increase of 323 branches and 160 ATMs. Number of employees increased from 68,181 as of December 31, 2013 to 76,253 as of December 31, 2014.

HDFC bank’s Financial results highlights – Rupees in Crore

Particulars Q3 FY 2015 Q3 FY 2014
Total Income 14930 12738
Operating Profit 4778 3887
Net Profit 2794 2325
Basic EPS 11.5 9.8
Gross NPAs 3467.91 3017.84
Net NPAs 903.66 917.34

 

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