Hi Guys, Good Morning to all
Myself Bittu Kumar and Today is 21th of March . As we Know the quarter 4 result Of HDFC Bank is come , so Today in this blog we are going to do analysis the result of HDFC Bank. first of all i want to say that HDFC break all the record of profit.So, let's start
Myself Bittu Kumar and Today is 21th of March . As we Know the quarter 4 result Of HDFC Bank is come , so Today in this blog we are going to do analysis the result of HDFC Bank. first of all i want to say that HDFC break all the record of profit.So, let's start
1)HDFC Bank's March Quarter numbers on Saturday came in better than street estimates.
2)Record Profits
HDFC Bank's Rs 5,885.10 crore quarterly profit was highest ever for any quarter. This was the third straight quarter when the lender's profit was in excess of Rs 5,000 crore. Earlier, the bank had reported Rs 5,585 crore profit for december quarter and Rs 5,005.70 crore for september quarter. he private lender posted a 22.63 % year-on-year jump in profit.
3)NII(Net interest Income) growth strong
NII rose 22.8 percent YoY to Rs 13,089.50 crore. The numbers were driven by an average asset growth of 19.8 %.
4)NIM broadly in range
Net Interest margin(NIM), which is the difference between interest income earned and the interest paid by the bank, came in at 4.4 % compared with 4.3 % in december quarter and 4.4 % in the year-ago quarter. HDFC Bank's NIM has been consistent at 4.3-4.4% for 10 quarters now.
5)Consolidated net up 20.7% for FY19
The consolidate net profit for the year rose 20.7 % to Rs 22,332.4 crore. Consolidate advance rose 24.2% Rs 8,69,223 crore in FY19 from Rs 7,00,034 crore in FY18.
6)Dividend
The bank board of directors has recommended a dividend of Rs 15 per share for FY19 against FY18's Rs 13 per share.
Nice
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