HDFC Bank Q4FY21 Results: HDFC Bank, the country’s largest private lender, reported net profit of Rs 8,186.51 crore on Saturday April 17, marking an increase of 18.1 in the January-March quarter. The bank’s total income increased to Rs 38,017 crore on a stand-alone basis, compared to Rs 35,917 crore the previous year.
HDFC Bank Fourth Quarter Results: Here’s Everything You Need To Know
On a sequential basis, stand-alone net profit declined 6.5%, from Rs 8,758 crore reported at the end of the previous quarter from October to December of fiscal year 2020-2021, according to HDFC bank. (Read also: HDFC Bank Q3 Results: Net profit climbs 18% to Rs 8,758.3million, asset quality improves)
HDFC Bank’s net interest income – the difference between interest earned and interest spent – rose 12.6% to Rs 17,120 crore in the fourth quarter, from Rs 15,204 crore a year ago. year. This is explained by an advance growth of 14% and a basic net interest margin of 14.2%.
Operating expenses for the fourth quarter were Rs 9,181.3 crore crore, an increase of 10.9% from Rs 8,277.8 crore in the corresponding quarter of the previous fiscal year. The cost-to-income ratio for the quarter was 37.2%, down from 39% the previous year.
On Friday April 16, shares of HDFC bank settled 0.12 percent lower at Rs 1,428.45 each on BSE.