HDFC Bank reports 4.7% net profit rise for July-September quarter
1 report, 1 independent
Updated Jan 1
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What happened
HDFC Bank reported a 4.7 per cent year-on-year rise in standalone net profit, reaching Rs 19,510 crore for the July-September quarter of FY27. This growth occurred despite a sharp 67 per cent decline in treasury trading gains, which fell to Rs 780 crore. Net interest income increased by 9.7 per cent, supported by continued expansion in lending.
From mexicostar.com
Why it matters
The results show that the bank's core lending business is expanding, as net interest income rose to Rs 34,620 crore. However, the significant drop in treasury trading gains limited the overall profit growth. Asset quality also improved, with gross non-performing assets standing at 1.11% of gross advances.
From mexicostar.com
Who's involved
- Axis BankA major peer bank in the Indian financial sector
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The entities involved
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Mumbai
capital city in Maharashtra, India