HDFC Bank reports good quarter numbers

HDFC Bank is a private banking company conducting its business in India. HDFC Bank offers a wide range of commercial and transnational banking services and treasury products to wholesale and retail customers. The bank has three key business segments namely Wholesale Banking Services, Retail Banking Services and Treasury. 

Today, HDFC bank announced its second quarter FY16 results. The total interest earned by the bank during this quarter is Rs 14772.52 crore compared to Rs 14041.06 crore, increased by 5.2 per cent on quarterly basis. The total income of the Bank rose by Rs 17324.28 crore in Q2FY16 against Rs 16502.97 crore in Q1FY16. The NII (Net Interest Income) stood at Rs 6681 crore, rose by 4.57 per cent Q-o-Q basis. The net income margin stood at 4.2 per cent, it was 4.3 per cent in the previous quarter.

Operating profit increased by 4 per cent to RS 5043 crore, operating profit margin contracted by 28 basis points to 29.11 per cent on quarterly basis. Tax expenses increased to Rs 1492 crore, increased by 4.63 per cent Q-o-Q.  

The net profit of HDFC Bank stood at Rs 2869.45 crore in Q2FY1 compared to Rs 2695.72 crore in Q1FY16, grew by 6.44 per cent. Bank's non per forming asset quality is improving as the Gross NPA (Non Performing Assets) stood at 0.91 per cent from 0.95 per cent in the previous quarter and Net NPA stood at 0.25 per cent against 0.27 per cent in the previous quarter of the same fiscal.

The FII holdings of HDFC Bank reduced by 5 basis points to 32.4 per cent, DII holdings increased by 44 basis points to 10.95 per cent. Today HDFC Bank closed marginally at Rs 1095, 0.03 per cent lower.