HDFC Bank Q3 Results Highlights
The largest private sector bank in India – HDFC Bank Ltd – has posted its quarterly report on earnings and profits today, January 16.
The bank reported a 34 percent jump in its standalone net profit to ₹16,373 crore for the third quarter ended December 2023. The bank earned a profit of ₹12,259 crore in the corresponding quarter of the previous fiscal year.
Ahead of the announcement of the results, the share prices of HDFC Bank ended slightly higher in the share market, recording a 0.42 per cent growth at ₹1,678.95 apiece.
Follow all the updates here:
HDFC Bank Q3 Results LIVE: Consolidated total income up to ₹1,15,015 cr
The consolidated total income of HDFC Bank rose to ₹1,15,015 crore from ₹54,123 crore at the end of the same quarter the previous year.
HDFC Bank Q3 Results LIVE: Net interest income up by 24%
HDFC Bank’s net interest income (NII) is reported to be at ₹28,470 crore in the December quarter, an increase of 24%, compared to ₹22,990 crore reported in the last quarter.
HDFC Bank Q3 Results LIVE: Net profit up by 34%
HDFC Bank’s profit rose by 34% to ₹16,373 crore in the October-December quarter. The bank’s net interest income came in at ₹28,470 crore in the said period.
HDFC Bank Q3 Results LIVE updates: Shares end slightly higher
On the day of its quarterly results, the shares of HDFC Bank ended on a slightly higher note, recording a 0.42 per cent growth at ₹1,678.95 apiece.
HDFC Bank Q3 Results LIVE updates: Stable predictions
Brokerages like Motilal Oswal and Axis Securities have estimated stable YoY and QoQ growth predictions for HDFC Bank last quarter, with the results expected to be announced in a few hours.
HDFC Bank Q3 Results LIVE updates: Share price up
The share price of HDFC Bank is now recovering ahead of the Q3 results, showing a spike of nearly 0.40 percent. The shares currently stand at ₹1,678.95.
HDFC Bank Q3 Results LIVE updates: Earning trajectory
The key focus of the quarterly results for HDFC Bank will be the earning trajectory of the firm, as well as the updates on post-merger stats and profits.
HDFC Bank Q3 Results LIVE updates: Other quarterly reports today
Apart from HDFC Bank, firms like Federal Bank, ICICI Securities Ltd, L&T Technology Services Ltd, ICICI Lombard and several other firms will also release their Q3 results today.
HDFC Bank Q3 Results LIVE updates: Shares further down
Just a few hours ahead of the Q3 result announcements, the share price of HDFC Bank has dropped down to ₹1,670 apiece.
HDFC Bank Q3 Results LIVE updates: Loan growth predictions
It is expected that the loan growth for HDFC Bank for December 2023 quarter will be 17 percent YoY, and 4 percent QoQ. Meanwhile, the Net interest income (NII) is expected to grow by 1 percent YoY, predicted Nuvama Institutional Equities.
HDFC Bank Q3 Results LIVE updates: Sequential growth may be 4%
Yes Securities has predicted that in the HDFC Bank Q3 results, the sequential loan growth will be in the 4% ballpark due to idiosyncratic growth trajectory.
HDFC Bank Q3 Results LIVE updates: Key variables to watch out for
Business growth, earning trajectory, assets quality and yeild on loans are some of the key variables to watch out for in HDFC Bank Q3 results for December quarter.
HDFC Bank Q3 Results LIVE updates: Margins may see slight improvement
According to Motilal Oswal, the margins of Q3 may see a slight improvement than the previous quarter, while asset quality for the merged equity is expected to remain stable.
HDFC Bank Q3 Results LIVE updates: Q2 result recap
During the Q2 results of HDFC Bank, the net profit jumped 51% YoY to ₹15,976 crore and total income increased 70% YoY to ₹78,406 crore.
HDFC Bank Q3 Results LIVE updates: Core earnings to be muted
According to multiple brokerages, the core earnings for HDFC Bank are expected to be muted for the December 2023 quarter.
HDFC Bank Q3 Results LIVE updates: Underperforming shares
Over the last year, HDFC Bank shares have been underperforming keeping in mind the growth of Nifty 50 and Bank Nifty. While Nifty has gone up 12% in the last 3 months, HDFC saw a 9 percent growth during this time.
HDFC Bank Q3 Results LIVE: Shares up 9% in 3 months
While the shares fell flat on the Q3 result day, HDFC Bank shares have been up by around 9 percent over the last three months.
HDFC Bank Q3 Results LIVE: Net profit predictions
According to brokerage Motilal Oswal Financial Services, the net profit of HDFC Bank is expected to rise by 32 percent in the quarter ending in December 2023.
HDFC Bank Q3 Results LIVE updates: Share price drops
The share prices of HDFC Bank dropped by 0.25 percent on BSE on Tuesday, ahead of the quarterly results of the company.
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