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HDFC Bank FY21 profit rises 18 5% to Rs 31,116 53 crore; no dividend amid COVID uncertainty

HDFC Bank FY21 profit rises 18.5% to Rs 31,116.53 crore; no dividend amid COVID uncertainty Amid the second wave of COVID-19 cases, HDFC Bank said that its board of directors has decided not to offer a final dividend for FY21 in view of the persisting uncertainty BusinessToday.In | April 17, 2021 | Updated 17:53 IST HDFC bank posted an 18.5 per cent increase in its net profit for the financial year ended March 31, 2021. The private sector lender registered standalone net profit of Rs 31,116.53 crore during the FY21, as compared to Rs 26,257.32 crore in FY20, according to a regulatory filing. HDFC bank earned Rs 146,063.12 crore during the period under review, as against Rs 138,073.47 crore in the previous fiscal. Net interest income at the end of FY21 stood at Rs 64,879.57 crore, as compared to Rs 56,186.25 crore in FY20, a jump of 15.47 per cent. Net revenue, the sum of net interest income and other income, stood at Rs 90,084.5 crore during the fiscal under review, as against

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HDFC Bank gains 2%, hits new high on steady December quarter performance

Shares of HDFC Bank hit a new high of Rs 1,503, surging 2.5 per cent in the intra-day trade on the BSE on Monday, after the private sector reported steady performance for the October-December quarter (Q3FY21) with net profit increasing by 18 per cent year on year (YoY) to Rs 8,758 crore, driven by robust growth in net interest income and other income. The stock settled 1.15 per cent higher on the BSE, at Rs 1,483 apiece, and was among the only four gainers on the Sensex today. The counter saw huge trading volumes with a combined 22.21 million equity shares changing hands on the NSE and BSE.

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HDFC Bank share price: Analysts see up to 27% upside in HDFC Bank after Q3 earnings beat

Explore Now NEW DELHI: HDFC Bank s third quarter results impressed analysts, who said that the profit beat was led by healthy treasury gains and recoveries. They noticed a slight recovery in the lender s net interest margin (NIM) and said the restructuring of 0.5 per cent of its loans was in line with expectations. The bank s management expects faster asset quality normalisation and better credit growth outlook, said analysts, who suggested a target price as high as Rs 1,860 for the stock. This suggests a potential upside of 27 per cent over Friday s closing price of Rs 1,466.35. On Monday, the scrip was up 1.51 per cent at Rs 1,488.45 on BSE.

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HDFC Bank To Report Q3 Numbers Today; Here s What To Expect

HDFC Bank To Report Q3 Numbers Today; Here s What To Expect
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HDFC Bank Q3 Profit Jumps 18% To Rs 8,758 Crore, Asset Quality Improves Sequentially

HDFC Bank Q3 Profit Jumps 18% To Rs 8,758 Crore, Asset Quality Improves Sequentially
moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.

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