HDFC Bank Limited
NSE Symbol HDFCBANK
HDFC Bank has again produced a stellar performance in Q2 FY2011.
Interest on Advances has grown to Rs.3673.18 cr – an improvement of 10.95% over the previous qtr and 22.02% over the corresponding Qtr of last year.
Its gross advances grew by a robust 37.7%, compared to the industry average of about 20%, to Rs 1.59 lakh crore, the bank said. While 52% of its loans are in the retail segment, the balance is in the wholesale segment.
HDFC Bank's current and savings account deposits went up 31% during the quarter ended September 2010, with its CASA ratio 50.6% of the total deposits.
Total Income has grown to Rs.5770.70 cr – an increase of 7.66% over previous Qtr and 15.43% over corresponding Qtr.
Interest Expended has also grown to Rs.2283.72 cr – an increase of 13.11% over previous Qtr and 12.16% over corresponding Qtr.
Operating Profit has gron to Rs.1807.10 cr – an increase of 3.34% over previous Qtr and 13.44% over corresponding Qtr.
Provisions is at Rs.454.48 cr – down by 18.11% over previous qtr and down by 23.51% over corresponding qtr.
Net Profit is Rs.912.14 cr – up by 12.37% over previous Qtr and 32.68% over corresponding Qtr.
Capital Adequacy Ratio has shot up to 17 from 16.3 in previous Qtr and 15.7 in corresponding Qtr.
Basic EPS is 19.8 compared to 17.7 in previous Qtr and 16.1 in corresponding Qtr.
% of Gross/Net NPA stands at 0.3 – same as in previous qtr and 0.5 in corresponding Qtr.
Return on Assets at 0.4 is same in previous and corresponding qtrs. On this one parameter, HDFC bank appears to be LOW.
RESULTS IN FIGURES :
| HDFC BANK | 30-Sep-10 | 30-Jun-10 | DIF%1 | 30-Sep-09 | DIF%2 |
| Interest on Advances | 367318 | 331052 | 10.95 | 301022 | 22.02 |
| Income on Investments | 110026 | 105322 | 4.47 | 95958 | 14.66 |
| Income on Balances With RBI | 3546 | 4227 | -16.11 | 2113 | 67.82 |
| Others | 110 | 1414 | -92.22 | 96 | 14.58 |
| Interest Earned | 481000 | 442015 | 8.82 | 399189 | 20.49 |
| Other Income | 96070 | 93988 | 2.22 | 100740 | -4.64 |
| Total Income | 577070 | 536003 | 7.66 | 499929 | 15.43 |
| Interest Expended | 228372 | 201901 | 13.11 | 203613 | 12.16 |
| Employees Cost | 71057 | 66707 | 6.52 | 55409 | 28.24 |
| Other Operatg Expenses | 96931 | 92524 | 4.76 | 81607 | 18.78 |
| Operatg Expenses | 167988 | 159231 | 5.5 | 137016 | 22.6 |
| Operating Profit | 180710 | 174871 | 3.34 | 159300 | 13.44 |
| Provisions | 45448 | 55502 | -18.11 | 59414 | -23.51 |
| Profit before tax | 135262 | 119369 | 13.31 | 99886 | 35.42 |
| Tax Expense | 44048 | 38198 | 15.31 | 31140 | 41.45 |
| Net Profit After Tax | 91214 | 81171 | 12.37 | 68746 | 32.68 |
| Net Profit | 91214 | 81171 | 12.37 | 68746 | 32.68 |
| Face Value of Share.Rs. | 10 | 10 | 0 | 10 | 0 |
| Paid-up Equity | 46260 | 45969 | 0.63 | 42736 | 8.25 |
| Capital Adequacy Ratio | 17 | 16.3 | 4.29 | 15.7 | 8.28 |
| Basic EPS B EI | 19.8 | 17.7 | 11.86 | 16.1 | 22.98 |
| Diluted EPS B EI | 19.5 | 17.4 | 12.07 | 15.9 | 22.64 |
| Gross/Net NPA | 40854 | 41251 | -0.96 | 60243 | -32.18 |
| % of Gross/Net NPA | 0.3 | 0.3 | 0 | 0.5 | -40 |
| Return on Assets | 0.4 | 0.4 | 0 | 0.4 | 0 |
| Public holding (%) | 59 | 76.4 | -22.77 | 80.7 | -26.89 |
ANNOUNCEMENTS
TO THE EXCHANGE
19-10-2010 HDFC Bank Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2010 as follows: Interest earned of Rs. 481000 lacs for the quarter ending on 30-SEP-2010 against Rs. 399189 lacs for the quarter ending on 30-SEP-2009. Interest expended of Rs. 228372 lacs for the quarter ending on 30-SEP-2010 against Rs. 203613 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 91214 lacs for the quarter ending on 30-SEP-2010 against Rs. 68746 lacs for the quarter ending on 30-SEP-2009.
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