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HDFC Bank has released its Q1 results, reflecting a stable performance in key financial areas.
The bank’s net profit rose by 12.2% year-on-year, reaching ₹18,155.2 crore compared to ₹16,175 crore in the same quarter last year. Net Interest Income (NII) registered an increase of 5.4%, totaling ₹31,438 crore against ₹29,837 crore previously.
Asset quality indicators showed a slight rise. Gross Non-Performing Assets (NPAs) stood at ₹37,040.8 crore, up from ₹35,222.6 crore quarter-on-quarter. Net NPAs rose to ₹12,276 crore from ₹11,320.4 crore. The gross NPA ratio moved to 1.40% from 1.33%, while net NPA ratio increased to 0.47% from 0.43%.
Provisions saw a significant jump, reaching ₹14,441.6 crore compared to ₹3,193 crore in the previous quarter and ₹2,603 crore in the corresponding period last year.
The board approved a bonus issue of one share for every share held and announced a special interim dividend of ₹5 per share. These shareholder-friendly decisions signal confidence in the bank’s financial position and future growth trajectory.
Overall, HDFC Bank’s Q1 performance indicates solid profitability despite moderate asset quality pressure and higher provisioning costs.
