There has been no significant rise in the shares of banking companies for some time. Now with the results of September quarter, there are chances of a bullish trend in the market. Recently, the impact of Axis Bank's quarterly results was seen on its shares. Now something similar can be seen on HDFC Bank shares on Monday. Because the company's net profit has seen an increase of 5.3 percent.
HDFC Bank on October 19 announced July-September quarter results for the financial year 2024-25 (Q2FY25), which grew by 5.3 per cent at Rs 16,821 crore compared to Rs 15,976 crore in the same period last year. Was recorded. The difference between HDFC Bank's net interest income (NII) and interest paid increased by 10 per cent to Rs 30,114 crore during the second quarter of the current financial year, compared to Rs 27,385 crore a year ago.
The bank said that the total income has increased to Rs 85,500 crore in the September quarter, which was Rs 78,406 crore in the same quarter of the last financial year. The interest income of the bank increased to Rs 74,017 crore in the September quarter, which was Rs 67,698 crore in the same quarter of the last financial year. With regard to asset quality, the bank's NPAs increased to 1.36 per cent of gross loans by the end of September, 2024, from 1.34 per cent a year ago. Similarly, net NPA or bad loans increased to 0.41 percent, from 0.35 percent at the end of the second quarter of the last financial year. The bank's net profit on standalone basis increased by six percent to Rs 17,826 crore in the September quarter, from Rs 16,811 crore in the same quarter of the last financial year.
