HDFC Bank, India’s largest private sector lender, on Monday said it will announce its second-quarter results for the current financial year 2024-25 (Q2 FY25) on October 19. In a BSE filing, the company said its board of directors will meet on October 19, 2024, “to inter-alia consider and approve the un-audited standalone and consolidated financial results for the quarter/half-year ending September 30, 2024”.
Additionally, the filing mentioned, “We also wish to inform you that the trading window for dealing in securities of the Bank will remain closed from Tuesday, September 24, 2024, to Monday, October 21, 2024 (both days inclusive) for the designated employees, directors, etc. pursuant to the applicable SEBI regulations.”
HDFC Bank’s Q1FY25 results, announced on July 20, reported a 2% decline in net profit at ₹16,175 crore, down from ₹16,511.9 crore in the January-March quarter of FY24. The net interest income (NII) for the bank rose by 2.6% sequentially to ₹29,837 crore, compared to ₹29,078 crore in Q4FY24.
The gross non-performing assets (NPA) increased by 6% sequentially, reaching ₹33,026 crore in the June quarter, compared to ₹31,173 crore in the previous quarter. The gross NPA ratio rose by nine basis points, standing at 1.33% in Q1FY25, up from 1.24% in Q4FY24.
