HDFC Bank Q1 net up 30 pc at Rs 1,844 cr

BT Online Bureau   Mumbai     Last Updated: July 17, 2013  | 16:09 IST

Private sector lender HDFC Bank on Wednesday reported 30 per cent growth in net profit at Rs 1,843.86 crore for the first quarter ended June, 2013.

In a filing, HDFC Bank said the bank had earned net profit of Rs 1,417.39 crore in the April-June quarter of the 2012-13.

The total income of the bank rose to Rs 11,588.56 crore in the April-June quarter, from Rs 9,536.9 crore in the same period last year.

The net interest margin for the bank was 4.6 per cent as compared to 4.3 per cent in the same period of the previous year.

As of June 30, 2013, HDFC Bank's portfolio quality remained healthy, with gross non-performing assets (NPAs) at 1 per cent of gross advances and net non-performing assets at 0.3 per cent of net advances.

The bank's Capital Adequacy Ratio (CAR) as of June 30 stood at 15.5 per cent.

Shares of HDFC Bank were trading at Rs 655.90 apiece in the afternoon on the BSE, down 3.35 per cent from their previous close.

With PTI inputs

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