HDFC Bank Q4 results: HDFC Bank reportedQ4 Results on April 15, 2023. HDFC Bank reported a 20.6% YoY rise in consolidated net profit at Rs 12,594.47 crore for the fourth quarter that ended March 2023. The profit stood at Rs 10,443 crore in the corresponding quarter last year.
Consolidated Interest earned for the December quarter jumped 33.65% YoY to Rs 47,548.34 crore from Rs 35,574.19 crore a year ago.
Net interest income (NII), or the difference between Net Interest earned and Interest expended, up 22.6% to Rs 24,942.31 crore in Q4FY23 from Rs 20,347.66 crore in the corresponding quarter last year.
The Board has recommended a final dividend of Rs 19 per equity share for the FY23. The Record Date is fixed for the purpose of the Final Dividend for the year 2022 is Tuesday, May 16, 2023.
Highlights of HDFC Bank Q4 results
| Segments | Q4FY23 | Q4FY22 |
| Net interest income (NII) | 24,942.31 crores | 20,347.66 crores |
| Consolidated Net Profit | 12,594.47 crores | 10,443 crores |
| Gross NPA | 1.12% | 1.17% |
| Net NPA | 0.27% | 0.32% |
Net interest income (NII) (HDFC Bank Q4 results)
HDFC Bank reported its Net interest income (NII), or the difference between Net Interest earned and Interest expended, up 22.6% to Rs 24,942.31 crore in Q3FY23 from Rs 20,347.66 crore in the corresponding quarter last year.
Consolidated Interest earned for the December quarter jumped 33.65% YoY to Rs 47,548.34 crore from Rs 35,574.19 crore a year ago.
Consolidated total Income of the country’s largest private-sector lender was Rs 57,158.84 crore jumped 30% YoY from Rs 43,960.45 crore in Q3FY22.
The stock of HDFC Bank ended nearly 0.6% up on the NSE on Thursday.
Consolidated Net Profit (HDFC Bank Q4 results)
HDFC Bank reported consolidated net profit jumped 20.6% YoY to Rs 12,594.47 crore for the fourth quarter that ended March 2023. The profit stood at Rs 10,443 crore in the corresponding quarter last year.
However, Consolidated Net Profit is down by 0.82% QoQ from Rs 12,698.32 crores.
Asset Quality (HDFC Bank Q4 results)
The HDFC Bank’s asset quality for the quarter ended March 2023 was slightly improved.
Gross non-performing assets (GNPAs) were at 1.12% of gross advances as on March 31, 2023, as against 1.17% as on March 31, 2022. While they were 1.23% as on December 31, 2022.
Net non-performing assets (NNPAs) were at 0.27% of net advances as on March 31, 2023 as against 0.32% as on March 31, 2022. While they were 0.33% as on December 31, 2022.
Capital Ratios (HDFC Bank Q4 results)
The Bank has reported the Capital Adequacy Ratio (CAR) improved significantly, as it came at 19.26% as of March 31, compared to 18.90% YoY and 17.66% QoQ.
Healthy deposit growth (HDFC Bank Q4 results)
HDFC Bank reported total Deposits showed a healthy growth and were at Rs 18.83 lakh crore as of March 31, 2023, grew 20.8% over March 31, 2022. Current and savings account (CASA) deposits grew by 11.3% with savings account deposits at Rs 5.62 lakh crore and current account deposits at Rs 2.73 lakh crore.
Time deposits were at Rs 10.47 lakh crore, an increase of 29.6% over the corresponding quarter of the previous year
Total advances rose by 17% and were at Rs 16 lakh crore as of March 31. The domestic retail loans grew by 21%, commercial and rural banking loans by 30% and corporate and other wholesale loans by 12.6%, respectively. Overseas advances constituted 2.6% of the total advances.