HDFC Bank Results Earnings Call for Q2FY24
Conference Call with HDFC Bank Ltd. Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.16-10-2023
16-10-2023
Q2FY24 Quarterly Result Announced for HDFC Bank Ltd.
HDFC Bank announced Q2FY24 results: 1. Financial Performance: - The consolidated net revenue of HDFC Bank grew by 114.8% to Rs 66,317 crore for the quarter ended September 30, 2023. - The standalone net revenue increased by 33.1% to Rs 38,093 crore for the same period. - Net interest income for the quarter grew by 30.3% to Rs 27,385 crore. 2. Profitability: - The consolidated profit after tax for the quarter ended September 30, 2023, was Rs 16,811 crore, up 51.1% from the previous year. - Earnings per share for the quarter ended September 30, 2023, was Rs 22.2. - The reported NIM for the quarter was 3.4% on total assets and 3.6% on interest-earning assets. 3. Balance Sheet: - Total balance sheet size as of September 30, 2023, was Rs 34,16,310 crore. - Total Deposits showed a healthy growth of approximately Rs 1.1 lakh crore during the quarter, reaching Rs 21,72,858 crore. - Gross advances increased by approximately Rs 1.1 lakh crore during the quarter, amounting to Rs 23,54,633 crore. 4. Asset Quality: - Gross non-performing assets were at 1.34% of gross advances as of September 30, 2023. - Net non-performing assets were at 0.35% of net advances as of September 30, 2023. 5. Capital Adequacy: - The Bank's total Capital Adequacy Ratio (CAR) as per Basel III guidelines was at 19.5% as of September 30, 2023. - Tier 1 CAR was at 17.8% and Common Equity Tier 1 Capital ratio was at 17.3% as of September 30, 2023. 6. Subsidiaries: - HDB Financial Services Ltd's net revenue for the quarter was Rs 2,357 crore, with a total loan book of Rs 77,857 crore. - HDFC Life Insurance's net premium income for the quarter was Rs 14,756 crore. - HDFC ERGO General Insurance's premium earned (net) for the quarter was Rs 2,592 crore. - HDFC Asset Management's Quarterly Average Assets Under Management were approximately Rs 5.25 lakh crore. Result PDF16-10-2023
HDFC Bank Ltd - 500180 - Non-Applicability Of SEBI Circular Dated May 19, 2022 Bearing Reference Number SEBI/HO/MIRSD/MIRSD CRADT/CIR/P/2022/67
Non-applicability of SEBI Circular dated May 19, 2022 bearing reference number SEBI/HO/MIRSD_CRADT/CIR/P/2022/6716-10-2023
HDFC Bank Ltd - 500180 - Half-Yearly Disclosure Of Related Party Transactions For The Period Ended September 30, 2023 Under Regulation 23(9) Of The SEBI (Listing Obligations And Disclosure Requirements,) Regulations 2015
Half-yearly disclosure of Related Party Transactions for the period ended September 30, 2023 under regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201516-10-2023
HDFC Bank Ltd - 500180 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press release for the unaudited financial results for the quarter ended September 30, 202316-10-2023
HDFC Bank Ltd - 500180 - Board Meeting Outcome for Unaudited Financial Results Of HDFC Bank Limited For The Second Quarter Ended September 30, 2023
Unaudited financial results of HDFC Bank Limited for the second quarter ended September 30, 202316-10-2023
HDFC Bank Ltd - 500180 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation regarding loss of share certificates16-10-2023
HDFC Bank Ltd - 500180 - Announcement under Regulation 30 (LODR)-Change in Directorate
Outcome of Board deliberations on October 15, 202315-10-2023
HDFC Bank Ltd - 500180 - Disclosure Under Regulation 6(1) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('Listing Regulations')
Disclosure under Regulation 6(1) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 ("Listing Regulations")13-10-2023
HDFC Bank remains as Sumeet Bagadia's Navratri pick
Sumeet Bagadia pick for the Navratri festival includes HDFC Bank Ltd Bagaria has recommended a Buy on the HDFC Bank stock at 1547 and up to 1510 for a target price of 1700 to 1780.12-10-2023