Firm performance

HDFC Bank Q1FY23 Results: Tracking Business Performance Over Last 4 Quarters

HDFC Bank will announce its financial results for the quarter that ended June 30, 2022 on Saturday. In the latest results, for Q4FY22, the bank posted a 22.8% year-over-year increase in profit. net, compared to Rs 8,186.5 crore in Q4FY21. , at Rs 10,055.2 crore.

Q4 net profit was lower than Q3FY21 but higher than the other two quarters of the year. As of Q3FY22, the bank reported net profit of Rs 10,342.2 crore. In the first and second quarters, these figures stood at Rs 7,729.6 crore and Rs 8,834.3 crore respectively.

Total advances up

India’s largest private lender saw a 20.8% increase in total advances from 11.33 trillion rupees in Q4FY21 to 13.69 trillion rupees in Q4FY22. Total deposits increased by more than 16% from Rs 13.35 trillion to Rs 15.59 trillion during the same period.

As of Q3FY21, advances amounted to Rs 12.61 trillion. In Q2FY21 and Q1FY21, the figures stood at Rs 11.99 trillion and Rs 11.48 trillion respectively.

Also read: HDFC Bank Q1 profit expected to rise up to 33% YoY on low provisions: analysts

The bank’s net interest income (NII) also increased by 10.2%. The NII is the difference between the interest income a bank earns from its lending activities and the interest it pays out to depositors.

Increase in total deposits over the year

Over the past four quarters, the bank has reported an increase in total deposits. In the first quarter of FY21, total deposits stood at Rs 13.46 trillion. In Q2FY21 and Q3FY21, these figures stood at 14.06 trillion rupees and 14.46 trillion rupees respectively. In Q4FY21, total deposits increased and were recorded at Rs 15.59 trillion.

Lower gross NPA

The bank also recorded a decline in gross non-performing assets (NPA) over the year. In Q1FY22, the gross NPA was 1.47%. In Q2FY21, the gross NPA fell to 1.35%. In Q3FY21 and Q4FY21, GNPAs fell to 1.26% and 1.17% respectively.

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