HDFC Bank FY25 Q2 Results: HDFC Bank released its second quarter results ending September 30, 2024. Standalone net profit of HDFC Bank in the second quarter of the current financial year i.e. July-September 2024It increased by 5 percent to Rs 16,821 crore.In the same quarter last year, the net profit (standalone) of the bank was Rs 15,976 crore. At the same time, the consolidated net profit of the bank increased by 6 percent to Rs 17,826 crore, whereas in the second quarter of the last financial year it was Rs 16,811 crore. septemberThe total income of the bank in the quarter stood at Rs 85,500 crore, whereas it was Rs 78,406 crore in the same period last year.
Jump in net interest income
The largest private sector bank told the stock market on Saturday that it earned interest income of Rs 74,017 crore in the second quarter, which was Rs 67,698 crore in the same period last year. Bank’s Net Interest Income (NII) has also improved. The bank’s net interest income reached Rs 30,110 crore in the September quarter, which was Rs 27,390 crore in the same quarter a year ago. In this way the net interest income of the bank has increased by 10 percent.
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Decline in assets quality
However, during this period the bank has faced a slight decline in assets quality. By the September quarter, the ratio of total non-performing assets (NPAs) increased to 1.36 percent, which was 1.34 percent in the same quarter last year. Similarly, Net NPAs i.e. bad loans also increased to 0.41 percent, which was 0.35 percent in the same quarter last year.