• 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 Income 38,933.6 43,960.5 44,202.3 0.6% 13.5%
Total Expenses 22,925.4 26,240.1 27,713.3 5.6% 20.9%
Provisions & contingencies 5,366.3 4,030.6 3,665.7 -9.1% -31.7%
Profit before tax 10,641.9 13,689.9 12,823.3 -6.3% 20.5%
Tax 2,701.6 3,215.0 3,206.6 -0.3% 18.7%
Profit after tax 7,922.1 10,443.0 9,579.1 -8.3% 20.9%
Earnings per share 14.4 18.8 17.3    

Data Source: BSE, Company announcements

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