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HDFC Bank’s Q2 net profit rises 20%

24 Oct 2017 Evaluate

HDFC Bank has reported results for second quarter ended September 30, 2017.

The Bank has reported 20.13% rise in its net profit at Rs 4151.03 crore for the quarter under review as compared to Rs 3455.33 crore for the same quarter in the previous year. Total income of the Bank increased by 16.55% at Rs 23276.18 crore for Q2FY18 as compared Rs 19970.89 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal improved to 1.26%, as compared to 1.02% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 0.43% in Q2FY18.

Peers
Company Name CMP
HDFC Bank 704.75
ICICI Bank 1350.40
Axis Bank 1254.00
Kotak Mahindra Bank 439.50
Indusind Bank 877.75
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