HDFC Bank Q1 net profit rises 22 pc to ₹3,669 crore

Jul 30, 2022
HDFC Bank Q1 net profit rises 22 pc to ₹3,669 crore

Its whole earnings through the June 2022 quarter elevated to 13,248.73 crore in opposition to 11,663.14 crore within the year-ago interval, HDFC mentioned in a regulatory submitting.

Mortgage lender HDFC Ltd on Friday reported a 22.2 per cent rise in its standalone internet revenue to 3,668.92 crore for the primary quarter ended June 30, on larger earnings pushed by sturdy mortgage disbursements.

The corporate’s internet revenue in the identical quarter a 12 months in the past stood at 3,001 crore.

Its whole earnings through the June 2022 quarter elevated to 13,248.73 crore in opposition to 11,663.14 crore within the year-ago interval, HDFC mentioned in a regulatory submitting.

The corporate mentioned its particular person mortgage disbursements through the quarter rose 66 per cent.

The consolidated internet revenue for the quarter stood at 5,574 crore in comparison with 5,311 crore.

HDFC mentioned it proposes to lift a global social mortgage of USD 1.1 billion, which is its first worldwide social mortgage from India and among the many largest globally.

Shares of HDFC Ltd traded at 2,372.35 apiece on BSE, up 1.56 per cent.


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