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HDFC Bank reports 40% rise in Q4 consolidated net profit
Apr-20-2024

HDFC Bank has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The bank has reported rise of 37.06% in its net profit at Rs 16511.85 crore for the quarter under review as compared to Rs 12047.45 crore for the same quarter in the previous year. Total income of the bank increased by 66.46% at Rs 89639.00 crore for Q4FY24 as compared Rs 53850.54 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported rise of 39.92% in its net profit at Rs 17622.38 crore for fourth quarter ended March 31, 2024 as compared to Rs 12594.47 crore for the same quarter in the previous year. Total income of the bank reported over 2- fold jump at Rs 124391.35 crore for Q4FY24 as compared Rs 57158.84 crore for the corresponding quarter previous year.

For the year ended March 31, 2024, the bank has reported 37.87% rise in its net profit at Rs 60812.27 crore as compared to Rs 44108.71 crore for the previous year. Total income of the bank increased by 59.53% at Rs 307581.55 crore for year under review as compared to Rs 192800.38 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the bank has reported 39.27% rise in its net profit at Rs 64062.04 crore as compared to Rs 45997.11 crore for the previous year. Total income of the bank increased by 99.35% at Rs 407994.77 crore for year under review as compared to Rs 204666.10 crore for year ended March 31, 2023.

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