Results for the first quarter from HDFC Bank: Profit up 19% year over year to Rs 9,196 crore; NII up 15%


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For the quarter that ended June 30, 2022, HDFC Bank NSE 0.81 percent reported a 19% year-over-year (YoY) increase in standalone net profit to Rs 9,195.99 crore. In the corresponding quarter of the previous year, the company reported a net profit of Rs 7,729.64 crore.

The country’s largest private lender reported a total revenue increase of 13% to Rs 41,560.27 crore in the June 2022 quarter compared to Rs 36,771.47 crore in the June 2021 quarter. Sequentially, profit decreased by 8.9% from Rs. 10,055.18 crore to Rs. 41,085.78 crore, while revenue only slightly increased.

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