The standalone net profit of HDFC, the country’s largest private bank, rose 5 per cent year-on-year to ₹16,821 crore in the July-September quarter. It was ₹15,976 crore in the same quarter last year.
However, the bank’s net profit increased by 4% on a quarterly basis. The bank’s profit in the last quarter (Q1FY25) was Rs 16,174 crore. HDFC on Saturday (October 19) published the results for the second quarter of the financial year 2025, i.e. the second quarter of the financial year 2024-25.
During the July-September quarter, the bank’s total income grew 9.04 per cent on a year-on-year basis to Rs 85,499 crore, compared to Rs 78,406 crore in the same quarter last year. The bank’s revenue increased by 2.14% on a quarterly basis. In the first quarter, it was Rs 83,701 crore.
The stock returned 10.02% in six months
Shares of HDFC Bank closed 0.70 per cent higher at Rs 1,684 on Friday. With this, the market capitalization of the company became Rs 12.83 lakh crore. Over the past six months, the bank’s shares have returned 10% to its investors. The bank’s shares increased by 11.21% in one year.
The bank’s net interest income increased by 10%
During the September quarter, HDFC Bank’s net interest income (NII) grew 10 per cent on a year-on-year basis (y-o-y) to Rs 30,114 crore. At the same time, the bank’s net interest income increased by 1% on a quarterly basis. In the first quarter, it was Rs 29,837 crore.
HDFC Bank has over 9,092 branches in the country.
HDFC Bank provides banking and financial services. The founder of the bank is Hasmukhbhai Parekh. He established this bank in 1994. Its head office is in Mumbai. The Managing Director and Chief Executive Officer (CEO) of the bank is Shashidhar Jagadishan. HDFC Bank has over 9,092 branches and 20,993 ATMs in the country.