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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  HDFC Bank Limited    HDFCBANK   INE040A01034

HDFC BANK LIMITED

(HDFCBANK)
  Report
End-of-day quote. End-of-day quote NSE India Stock Exchange - 11/24
1438.2 INR   +3.13%
11/23HDFC BANK : Disclosure under Reg. 30 of SEBI LODR
PU
11/16HDFC BANK : Schedule of analyst and investor meet
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11/05Indian banks see revival in loan growth but concerns linger
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HDFC Bank : Second-Quarter Net Profit Rose 16%

10/18/2020 | 11:03pm EST

HDFC Bank Ltd.'s second-quarter net profit rose 16% compared with the same period a year earlier as improved interest income offset higher provisions related to the Covid-19 pandemic.

Net profit for the quarter ended September rose to 77.03 billion rupees ($1.05 billion), the Indian lender said Saturday.

Interest income rose 5.7% to INR317.42 billion, while provisions and other contingencies jumped 43% to INR44.20 billion amid slowing business activity caused by national movement restrictions, HDFC said.

"While there have been some improvements in economic activities during the current quarter, the continued slowdown has led to a decrease in loan originations, the sale of third-party products, the use of credit and debit cards by customers and the efficiency in collection efforts," the bank said.

Going forward, it said that the slowdown may cause a rise in defaults and consequently an increase in provisions. The pandemic's effects on operations remain uncertain, it said.

Separately, HDFC noted that its board had approved the appointment of Sashidhar Jagdishan as chief executive for a period of three years following the retirement of his predecessor.

(END) Dow Jones Newswires

10-18-20 2302ET

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Financials
Sales 2021 884 B 11 934 M 11 934 M
Net income 2021 286 B 3 858 M 3 858 M
Net Debt 2021 - - -
P/E ratio 2021 27,0x
Yield 2021 0,69%
Capitalization 7 918 B 107 B 107 B
Capi. / Sales 2021 8,96x
Capi. / Sales 2022 7,87x
Nbr of Employees 116 971
Free-Float 83,4%
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Mean consensus -
Number of Analysts
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Last Close Price 1 394,60 
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Managers
NameTitle
Sashidhar Jagdishan Chief Executive Officer & Managing Director
Shyamala Gopinath Chairman
Srinivasan Vaidyanathan Chief Financial Officer
Ramesh Lakshminarayanan Chief Information Officer
Kaizad M. Bharucha Executive Director
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