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HDFC Bank reports 27% rise in Q2 net profit

15 Oct 2013 Evaluate

HDFC Bank has reported results for second quarter ended September 30, 2013.

The bank has posted a rise of 27.07% in its net profit at Rs 1982.32 crore for the quarter ended September 30, 2013 as compared to Rs 1559.98 crore for the same quarter in the previous year. Total income has increased by 17.65% at Rs 11937.69 crore for quarter under review as compared to Rs 10146.65 crore for the quarter ended September 30, 2012.

Gross non-performing assets (NPAs) increased to 1.1% in the July-September quarter as against 0.9% in the same quarter previous year while net NPAs increased to 0.3%.

Peers
Company Name CMP
HDFC Bank 712.50
ICICI Bank 1313.30
Axis Bank 1228.20
Kotak Mahindra Bank 417.75
Indusind Bank 891.65
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