HDFC Bank Q1FY25 Results: India's Biggest Private Sector Lender Sets Date for First Quarter Results
hdfc bank q1fy25 results: india's biggest private sector lender sets date for first quarter 2024 results
HDFC Bank Q1FY25 Results: HDFC Bank on Friday set the date for the declaration of its first quarter (Q1FY25) results. India's largest private sector lender informed the shareholders through an exchange filing on the date of the board meeting to declare financial results for the quarter ending June 30, 2024.
HDFC Bank Quarterly Results Date and Time
A meeting of the board of directors of HDFC Bank will be held on Saturday, July 20 to consider financial results for the quarter ending June 30, 2024. The company is likely to declare results post the market hours.
HDFC Bank Q4 Results
The bank reported a Rs 17,257.87 crore net profit for January-March on a consolidated basis, over 2 per cent higher than that in the preceding quarter. Its consolidated net profit for FY24 came at 64,060 crore. On a standalone basis, the country's largest private sector lender reported a net profit of Rs 16,511.85 crore in the January-March quarter as against Rs 16,372.54 crore in the October-December quarter. In July 2023, the bank merged its home loan-focused parent HDFC into itself.
The Mumbai-headquartered bank set aside over Rs 10,900 crore in floating provisions towards any setbacks in the future, courtesy Rs 7,340 crore gain on the sale of education loans focused Credila to private equity majors, as per report on PTI. HDFC Bank chief financial officer Srinivasan Vaidyanathan told reporters that floating provisions are created during benign times like the current phase, and stressed that it is not done in anticipation of any event.