HDFC Bank Q2 Results Highlights: Net profit at ₹15,980 crore, NII at ₹27,385 crore

Here are the main points of the financial results released by the institution for the September 2023 quarter, as reported by HDFC Bank Q2 Results Live.

YoY, net profit increases by 6% to Rs. 15,980 crore. NII increased by 6.7% YoY to 27.385 crore.

Operating income increased 30.5 % YoY to 22,694 crore. Operating costs increased 37.2 percent year over year to 15,399 crore

To 66,317 crore, net revenue climbed by 114% year over year. Net NPA increased to 0.35 percent from a gross NPA of 1.34 percent.

Highlights of HDFC Bank's Q2 results: On Monday, October 16, 2023, HDFC Bank, the largest private sector lender in the nation, 

released its financial results for the first half of FY24. This is HDFC Bank's initial financial report following its July 1

merger with mortgage lender Housing Development Finance Corporation (HDFC). In Q2FY24, the bank reported an increase in net profit and net interest income year over year.

HDFC Bank Q2 Results Live: The total balance sheet as of September 2023 stood at ₹34,16,310 crore, as against ₹22,27,893 crore in the year-ago period.

Total deposits grew 29.8 percent on-year to ₹21,72,858 crore, and the capital adequacy ratio came in at 19.5 percent as of September 30, 2023