HDFC Bank's Q4 results are in, and the numbers are impressive! Dive into the highlights and key points here.
HDFC Bank had an impressive performance in the Q4 results for the financial year 2024. The bank reported a significant jump in net profit, reaching a staggering Rs 16,512 crore, marking a 37% increase from the previous year. The Net Interest Income (NII) also saw a substantial boost, rising by 24.5%. HDFC Bank's total deposits stood at Rs 23.79 lakh crore, while advances were at Rs 25.07 lakh crore during the quarter, showcasing robust financial health.
Additionally, HDFC Bank declared a dividend of Rs 19.5 per share for its shareholders, further bolstering investor confidence in the bank's performance. The bank's consolidated net profit on a YoY basis surged by nearly 40%, reaching Rs 17,622.38 crore, underscoring its strong position in the market.
On the flip side, despite the overall positive results, there were fluctuations in the net profit on a consolidated basis, which saw a slight increase of 0.84% sequentially due to lower core income growth and increased provisions. However, the bank remains resilient amidst these challenges, showcasing steady growth and stability.
In conclusion, HDFC Bank's Q4 results for FY24 reflect its robust financial performance, highlighting significant growth in profits and NII. The bank's strategic decisions and strong market position continue to solidify its standing as a leading player in the banking sector, driving investor confidence and setting a positive trajectory for future growth.
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Total deposits of the lender stood at Rs 23.79 lakh crore, compared to advances of Rs 25.07 lakh crore during the quarter ended March 31, 2024.
HDFC Bank Q4 Results: HDFC Bank's profit rose 37.1% YoY to Rs 16512 crore, with NII growing by 24.5% to Rs 29077 crore. The bank declared a dividend of Rs ...
इस बीच HDFC बैंक ने FY24 के लिए अपने शेयर धारकों को 19.5 रुपये/शेयर के डिविडेंड की घोषणा का ऐलान किया है.
HDFC Bank Q4 Results: एचडीएफसी बैंक का शुद्ध मुनाफा 34% बढ़ा, ब्याज से होने वाली आमदनी में 24.5% का इजाफा.
On a consolidated basis, HDFC Bank's net profit stood at Rs 17622.38 crore, up 39.92 percent as against Rs 12634.01 crore in the quarter ended March 31, ...
HDFC Bank Q4 Results: वित्त वर्ष 2024 के दौरान बैंक का कंसोलिडेटेड शुद्ध मुनाफा सालाना आधार पर 39.3 प्रतिशत बढ़कर 640.6 अरब रुपये रहा।
HDFC Bank Ltd. saw its net profit rise 0.84% sequentially on lower core income growth and higher provisions. Net profit for the quarter stood at Rs 16512 ...
HDFC Bank reports 37.05 per cent jump in its standalone net profit to Rs 16511.85 crore for January-March 2024.
Net profit is in line with analyst estimates of Rs 16576 crore. The bank's board proposed a dividend of Rs 19.5 per share for the year.
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HDFC Bank's Q4 net profit reached ₹16510 crore, full-year at ₹60810 crore, up 38%. Challenges post-merger affect expenses, asset quality, ...
HDFCB Bank Ltd. reported earnings of Rs 165 billion (+1% QoQ, +37% YoY), inline with estimates. Factoring the provisional update on headline numbers ...
HDFC Bank posted a net profit of ₹16511 crore in the fourth quarter of FY24, registering a growth of 0.84% from ₹16373 crore in the previous quarter.
HDFC Bank Ltd.'s voluntary floating provisions made in this quarter may not have an impact on asset quality, according to analysts.
For the January-March quarter, the lender reported a standalone net profit of Rs 16500 crore versus Rs 16400 crore as reported in the December quarter.
HDFC Bank stock price: Nuvama suggested a target of Rs 1760. While it sees long-term franchise value, it believes the short-term price performance would be ...
HDFC Bank shares were trading 1% lower at Rs 1514 on BSE this morning after the lender delivered a healthy quarter, with NIMs improving 4 bps QoQ.
HDFC Bank share price news : On April 20, HDFC Bank reported net profit of Rs 16512 crore, up 37 per cent year-on-year, but barely 1 per cent ...
HDFC Bank, a leading private sector lender, has announced robust financial results for the fourth quarter ending March 31, 2024.