HDFC Bank Q2 results: Net profit rises 5% to Rs 16,820 crore

HDFC Bank's net interest income (NII), a key measure of profitability, came in at Rs 30,114 crore, reflecting a 10% year-on-year increase, although slightly below the market expectation of Rs 30,306 crore.

In Short

• HDFC Bank posts Rs 16,820 crore net profit, up 5%
• Net interest income rises 10% to Rs 30,114 crore
• Gross NPA ratio slightly increases to 1.36% this quarter

HDFC Bank, India's largest private sector lender, posted a net profit of Rs 16,820 crore for the second quarter of FY25, marking a 5% increase compared to the same quarter last year.

The bank's financial results has exceeded market expectations, highlighting the bank's strong performance despite facing economic challenges.

HDFC Bank's net interest income (NII), a key measure of profitability, came in at Rs 30,114 crore, reflecting a 10% year-on-year increase, although slightly below the market expectation of Rs 30,306 crore.

In terms of asset quality, HDFC Bank reported a gross non-performing asset (GNPA) ratio of 1.36%, a slight uptick from the 1.33% recorded in the previous quarter. Net NPAs stood at 0.41%, compared to 0.39% in Q1 FY25.

In absolute figures, gross NPAs increased to Rs 34,250.6 crore from Rs 33,025.7 crore quarter-on-quarter, while net NPAs rose to Rs 10,308.5 crore from Rs 9,508.4 crore.

Provisions for the quarter totalled Rs 2,700.5 crore, a decrease from Rs 2,903.8 crore year-on-year, but marginally higher than the Rs 2,602.06 crore set aside in the previous quarter.

It is worth noting that HDFC Bank’s shares closed at Rs 1,681.15 on October 18, registering a 0.47% gain on the Bombay Stock Exchange (BSE).