Latest News | HDFC Bank Stock Climbs over 2 Pc Post Earnings Announcement
Get latest articles and stories on Latest News at LatestLY. Shares of HDFC Bank went up by over 2 per cent on Monday after the company reported a steady set of quarterly numbers.
New Delhi, Jul 21 (PTI) Shares of HDFC Bank went up by over 2 per cent on Monday after the company reported a steady set of quarterly numbers.
The heavyweight stock advanced 2.27 per cent to Rs 2,001.90 on both the BSE and NSE.
"HDFC Bank reported a steady set of numbers," VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd, said.
HDFC Bank on Saturday posted a 1.31 per cent decline in its consolidated net profit to Rs 16,258 crore for the June 2025 quarter.
The lender had reported a net profit of Rs 16,475 crore in the year-ago period.
On a standalone basis, the country's largest private sector lender reported a net profit of Rs 18,155 crore for the quarter, up from Rs 16,174 crore a year ago.
"HDFC Bank posted 12 per cent year-on-year profit growth and announced a 1:1 bonus issue," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.
Rally in the stock drove the equity markets higher. The 30-share BSE Sensex traded 323.61 points higher at 82,081.34, and the NSE Nifty quoted 91.65 points up at 25,059.70.
The core net interest income growth moderated to 5 per cent to Rs 31,400 crore during the quarter, as the net interest margin narrowed to 3.35 per cent, from 3.46 per cent in the quarter-ago period amid a 6.7 per cent growth in gross advances.
The gross non-performing assets ratio inched up to 1.4 per cent as of June 30, from 1.33 per cent three months ago, largely because of cyclical reverses in the agricultural portfolio.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)