HDFC BANK - RESULTS FOR Q4 FY 2017-18 - MARCH 2018

HDFC BANK

RESULTS FOR Q4 FY 2017-18

MARCH 2018

HDFC BANK has declared good results for the fourth quarter ended March 2018. The results are tabulated below :

iNTEREST ON aDVANCES ETC HAS GROWN BY 23.36% YOY.
Total Interest income has grown by 17.7% YOY.
Interest expended has grown by 17.71% YoY. Net Interest Income also has grown by 17.7% YoY.
Net Profit has grown by 20.28 % YoY.
Percentage of Net NPA is good at 0.4
Market price is Rs.1946 and on an EPS of 18.3, the PE Ratio comes to 26.58. Last year price around this time was Rs.1462 and the price has grown by 33% since then.

HDFC BANK	Mar '18	Dec '17	Sep '17	Jun '17	Mar '17	YOY	QOQ
Interest Earned
(a) Int. /Disc. on Adv/Bills	16,663.37	16,156.61	15,355.75	14,486.06	13,507.45	23.36	3.14
(b) Income on Investment	4,222.64	4,100.30	4,006.46	3,892.97	4,267.69	-1.06	2.98
(c) Int. on balances With RBI	196.81	112.38	106.49	108.2	165.26	19.09	75.13
(d) Others	238.26	211.98	201.58	181.49	174	36.93	12.4
TOTAL	21,321.08	20,581.27	19,670.28	18,668.72	18,114.40	17.7	3.59
Other Income	4,228.58	3,869.17	3,605.90	3,516.66	3,446.26	22.7	9.29
EXPENDITURE
Interest Expended	10,663.37	10,266.93	9,918.21	9,297.98	9,059.30	17.71	3.86
NET INTRST INCOME:(EARNED-EXPENDED)	10,657.71	10,314.34	9,752.07	9,370.74	9,055.10	17.7	3.33
Employees Cost	1,741.20	1,691.26	1,715.77	1,657.51	1,552.65	12.14	2.95
Other Expenses	4,309.43	4,040.96	3,824.28	3,709.95	3,669.31	17.45	6.64
Operating Profit	8,835.66	8,451.29	7,817.92	7,519.94	7,279.40	21.38	4.55
Provisions	1,541.10	1,351.44	1,476.19	1,558.76	1,261.80	22.14	14.03
P  B  T	7,294.56	7,099.85	6,341.73	5,961.18	6,017.60	21.22	2.74
Tax	2,495.28	2,457.25	2,190.70	2,067.34	2,027.51	23.07	1.55
Net Profit	4,799.28	4,642.60	4,151.03	3,893.84	3,990.09	20.28	3.37
Equity	519.02	518.02	516.8	514.78	512.51	1.27	0.19
Reserves	--	--	--	--	88,949.87
Basic EPS	18.5	17.9	16.1	15.2	15.6	18.59	3.35
Diluted EPS	18.3	17.7	15.9	15	15.4	18.83	3.39
NPA Ratios :
i) Gross NPA	8,606.97	8,234.88	7,702.84	7,242.93	5,885.66	46.24	4.52
ii) Net NPA	2,601.02	2,773.66	2,596.83	2,528.21	1,843.99	41.05	-6.22
i) % of Gross NPA	1.3	1.29	1.26	1.24	1.05	23.81	0.78
ii) % of Net NPA	0.4	0.44	0.43	0.44	0.33	21.21	-9.09
Return on Assets %	0.5	0.5	0.47	0.46	0.48	4.17	0
MP	1946
PE	26.58
PRICE TREND
AS ON 23.04.18	1 week	2 week	1 month	3 month	6 month	9 month	1 year
Price	1928.05	1907.7	1839.2	1963.8	1862.65	1708.15	1462
Gain / Loss	1%	2.08%	5.88%	-0.84%	4.55%	14.01%	33.21%

Note : This analysis does not constitute a recommendation for BUY / SELL / HOLD decisions and investors need to make their own further analysis before such decisions.