HDFC Bank today reported a standalone net profit of Rs 16,175 crore for the quarter ended June 30, 2024, which was up by 35% over Rs 11,952 crore reported by the lender in the year ago period. However, it was down by 2% sequentially versus Rs 16,512 crore reported in Q4FY24.
The profit after tax (PAT) figures were in line with ETNow poll.
The interest earned by the largest private lender stood at Rs 73,033 crore in the reported quarter versus Rs 48,587 crore in the corresponding quarter of the previous financial year. It was up by 50% on the YoY basis.
The interest expended by HDFC in the said quarter stood at Rs 43,196 crore which was up from Rs 24,988 crore which was an uptick of 73% on the YoY basis.
