HDFC Bank Q1FY23 Quarter Results

HDFC Bank’s net revenues grew 13.5% YoY
  • 18 Jul 2022
  • HDFC Bank’s net revenues (net interest income plus other income) grew by 13.5% quarter-on-quarter (QoQ) during the quarter ended June (Q1FY23). On a year-on-year (YoY) basis, it witnessed a tad growth of 0.6%.
  • Its expenses for the quarter were up by 5.6% QoQ and 20.9% YoY.
  • The bank’s net profit was down 8.3% QoQ and up by 20.9% YoY.
  • The bank’s capital adequacy ratio (CAR) stood at 17.5% in June 2022 quarter.
  • Net non-performing assets (NPAs) were at 0.35% of net advances as of June 2022.
  • The earnings per share (EPS) of HDFC Bank stood at 17.3 during Q1FY23.

HDFC Bank’s financial statements for Q1FY23:

(Rs, crores) Q1FY22 Q4FY22 Q1FY23 QoQ (%) YoY (%)
Total Income38,933.643,960.544,202.30.6%13.5%
Total Expenses22,925.426,240.127,713.35.6%20.9%
Provisions & contingencies5,366.34,030.63,665.7-9.1%-31.7%
Profit before tax10,641.913,689.912,823.3-6.3%20.5%
Profit after tax7,922.110,443.09,579.1-8.3%20.9%
Earnings per share14.418.817.3

Data Source: BSE, Company announcements

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