HDFC Bank Q2 Results: Key Highlights
– Standalone Net Profit: Increased by 10.8% YoY, reaching ₹18,641 crore, up from ₹16,820.97 crore in Q2 FY25.
– Net Interest Income (NII): Grew by 4.8% YoY, totaling ₹31,550 crore compared to ₹30,110 crore a year earlier.
– Net Revenue: Rose 10.3% YoY to ₹45,900 crore from ₹41,600 crore in the same quarter last year.
– Deposits and Advances:
– Total deposits grew by 12.1% YoY to ₹28.02 lakh crore.
– Average advances increased by 9.0% YoY to ₹27.94 lakh crore.
– Asset Quality:
– Gross Non-Performing Assets (GNPA) declined to 1.24%, improving from 1.36% YoY.
– Net NPA ratio reduced to 0.42%, reflecting effective credit management.
– Growth Across Segments:
– SME lending surged by 17.0%.
– Retail loans rose by 7.4%, while corporate advances grew by 6.4%.
HDFC Bank’s Q2 results showcase a solid financial performance, driven by growth in profits and deposits, underlining its robust position in the banking sector.