HDFC Bank, India’s largest private sector lender, is set to announce its second-quarter financial results for the fiscal year 2024-25 (Q2FY25) on October 19, 2024. This announcement will cover both standalone and consolidated financials for the quarter ending September 30, 2024. The company's Board of Directors will meet on the same day to review and approve the unaudited results.

In its filing with the Bombay Stock Exchange (BSE) on September 16, 2024, HDFC Bank informed that the trading window for dealing in the bank's securities will be closed from September 24, 2024, to October 21, 2024, in compliance with SEBI regulations. This closure affects designated employees, directors, and other relevant parties.

Q1FY25 Results Overview

For the April-June quarter of FY25 (Q1FY25), HDFC Bank reported a decrease in net profit by 2% to ₹16,175 crore, compared to ₹16,511.9 crore in the preceding quarter (January-March FY24). Despite this drop, the bank’s net interest income (NII) saw a positive growth of 2.6% sequentially, reaching ₹29,837 crore, up from ₹29,078 crore in the previous quarter.

Key Metrics

Gross Non-Performing Assets (NPA): Increased by 6% sequentially to ₹33,026 crore in Q1FY25 from ₹31,173 crore in Q4FY24. The gross NPA ratio rose by 9 basis points to 1.33% from 1.24% in the previous quarter.

Net NPA: Rose by 17.5% sequentially to ₹9,508.4 crore in Q1FY25, up from ₹8,091.7 crore in Q4FY24. The net NPA ratio increased by 6 basis points to 0.39% from 0.33% in the preceding quarter.

These results highlight ongoing challenges with asset quality, but also reflect positive growth in core income areas. The upcoming Q2FY25 results will provide further insights into the bank's financial health and operational performance.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst & Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX

Explore more insights and updates through Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News and discover the latest in investment opportunities with Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today.