The private lender reported a 7.6% increase in interest earned, which came to Rs 76,007 crore compared to Rs 70,583 in the same quarter of the previous financial year.
HDFC Bank announced its financial results on Wednesday, declaring a 2.2% year-on-year growth in Q3 FY25 standalone net profit, totalling Rs 16,736 crore. The country’s largest private lender reported a standalone net profit of Rs 16,373 crore in the same period last year.
Experts and analysts projected a muted 0-3% growth in HDFC Bank’s Q3 FY25 results.
The private lender reported a 7.6% increase in interest earned, which came to Rs 76,007 crore compared to Rs 70,583 in the same quarter of the previous financial year.
HDFC Bank paid Rs 45,354 crore as interest in the third quarter of FY25, an increase of 7.7% from Rs 42,111 crore in Q3 FY24.
The bank reported an 8% year-on-year net interest income (NII) increase, reaching Rs 30,690 crore for the quarter.
“Net interest income (interest earned less interest expended) for the quarter ended December 31, 2024, grew by 7.7% to& 306.5 billion from & 284.7 billion for the quarter ended December 31, 2023. Core net interest margin was at 3.43% on total assets and 3.62% based on interest-earning assets,” said the bank in an exchange filing.
According to the company’s filing with the stock exchanges, HDFC’s core net interest margin was recorded at 3.43% of total assets and 3.62% of interest-earning assets.
HDFC Bank reported a 6.3% rise in net revenue, which stood at Rs 42,110 crore for the quarter ending December 31, 2024, compared to Rs 39,610 crore in the same quarter of the previous year.
HDFC Bank shares gained after the Q3 results were announced. When the article was written, they traded at Rs 1,665.50, up 1.41%.