The Big leader of the market, Hdfc Bank today announced its Q3 results for FY 2024. The Net profit gains as compared to the previous year. The Market leader bank’s positive results may take the market to a new high tomorrow.
Table of Contents
Net Profit
Hdfc Bank on 16th January reported a net profit of 16372 crore for the 3rd quarter of 2023-24 which is slightly down as expected of 16427 crore. The profit increased by 33% as compared to the previous year which is 12259 crore.
Revenue
Hdfc Bank has collected a revenue of 71770 crores in the 3rd quarter which is good from the previous quarter. The Net revenue has increased by 113% as compared to last year.
NII(Net Interest Income)
The Hdfc Bank reported a net interest income of 28470 crores during the 3rd quarter which is low against the expected 29554 crores,
NPA(Non Performing Assets)
Investing in HDFC Bank can be a smart move as their gross non-performing assets have improved from 1.23% to 1.26%. This indicates a positive trend and shows that HDFC Bank is performing well.
The share of HDFC Bank closed at 1679.15 today at NSE, with a gain of 6.35 (0.38) points today. Let’s see how this news impacts the market tomorrow.
