HDFC Bank Limited Q1 results show revenue rise from 57158.84 to 61021.29 crores, a 6.76% increase in growth. EPS also rise from Rs.22.46 to Rs.22.03, up by -1.91%.
First, Let’s Begin with Quarter-on-Quarter Basis:
HDFC Bank shared its Q1 results on Monday. They earned 61,021.29 crores in revenue this quarter, but that’s more than the 57158.84 crores they made last quarter. The bank’s growth increased by 6.76 percent when comparing the two quarters.
In terms of profits, HDFC Bank’s Standalone PAT (Profit After Tax) for this quarter was 12,370.38 crores, up from 12,594.47 crores in the previous quarter. Their quarter-to-quarter growth inclined by -1.78 percent.
The Bank’s EPS (Earnings Per Share) this quarter is Rs.22.03, which is an increase of -1.91% from the Rs.22.46 EPS in the previous quarter.
In addition, Bank’s net NPA (Non-Performing Assets) decreased to 0.30% this quarter from 0.35% in the previous quarter, resulting in a 5 basis point decrease in the bank’s net NPA.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The bank made a total revenue of 61021.29 crores this year (2023), which is 38.05 percent higher than last year’s total revenue of 44202.32 crores.
This Year’s PAT (Profit After Tax) is 12370.38 crores, which is also 29.14% higher than last year’s PAT of 9579.11 crores.
The EPS (Earnings Per Share) for this year is 22.03 crores, which is 28.16% more than the EPS of 17.19 crores earned last year.
Bank’s gross NPA (Non-Performing Assets) dropped to 1.17% this year from 1.28% in the previous year, resulting in a decrease of 11 basis points in the bank’s gross NPA.
In addition, the bank’s net NPA (Non-Performing Assets) decreased to 0.30% this year from 0.35% in the previous year, resulting in a 5 basis point increase in the bank’s net NPA.
The CAR (capital adequacy ratio) of the bank increased to 18.93 percent this year from 17.52 percent in the previous year.
The ROA (return on assets) of the bank increased to 0.51 percent in this quarter from 0.46 percent in the previous year.
HDFC Bank Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About HDFC Bank:
HDFC Bank Limited, with its headquarters in Mumbai, is a prominent Indian banking and financial services organization. It holds the distinction of being the largest private sector bank in India in terms of assets. As of July 2023, subsequent to its acquisition of its parent company HDFC, it has become the fourth largest bank globally in terms of market capitalization.
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