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Company details

1,476.00
1,488.80
1,271.75
1,724.30
6M Return -2.25%
1Y Return -0.68%
Mkt Cap.(Cr) 824,712.26
Volume 310,327
Div Yield 1.04%
OI
-
OI Chg %
-
Volume 310,327

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SWOT

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EMA SMA

Delivery and volume

Our Research View

Trading recommendation

Data not found

Investment recommendation

Call Date

21 Jul 2022

Entry Price

1,364.00

Target Price

1,650.00

Duration

12-18 Month

Rapid Results

Q1FY23 Quarterly Result Announced for HDFC Bank Ltd.

HDFC Bank Announced Q1FY23 Result :

  • The Bank’s core net revenue (excluding trading and Mark to Market losses), grew by 19.8% to Rs 27,181.4 crore for the quarter ended June 30, 2022 from Rs 22,696.5 crore for the quarter ended June 30, 2021. The total net revenues (net interest income plus other income) were & 25,869.6 crore for the quarter ended June 30, 2022.
  • Net interest income (interest earned less interest expended) for the quarter ended June 30, 2022 grew by 14.5% to & Rs 19,481.4 crore from Rs 17,009 crore for the quarter ended June 30, 2021, driven by advances growth of 22.5%, deposits growth of 19.2% and total balance sheet growth of 20.3%. Core net interest margin was at 4.0% on total assets,
    and 4.2% based on interest earning assets. We continued to add new liability. relationships at a robust pace of 2.6 million during the quarter.

  • The four components of other income for the quarter ended June 30, 2022 were fees & commissions of Rs 5,360.4 crore (Rs 3,885.4 crore in the corresponding quarter of the previous year), foreign exchange & derivatives revenue of Rs 1,259.3 crore Rs 1,198.7 Crore in the corresponding quarter of the previous year), loss on sale / revaluation of investments of Rs 1,311.7 crore (gain of Rs 601.0 crore in the corresponding quarter of the previous year) and miscellaneous income, including recoveries and dividend, of Rs 1,080.2 crore (Rs 603.5 crore in the corresponding quarter of the previous year). Other income, excluding trading and Mark to Market losses, grew by 35.4% over the quarter ended June.

  • We added 725 branches and 29,038 employees over the last twelve months and 36 branches and 10,932 employees during the quarter. This, and other investments made during the quarter, will position the Bank to capitalise on the growth opportunity. Operating expenses for the quarter ended June 30, 2022 were Rs 10,501.8 crore, an increase of 28.7% over Rs 8,160.4 crore during the corresponding quarter of the previous year. The cost-to-income ratio, excluding trading and Mark to Market losses for the quarter was at 38.6%.

  • Pre-provision Operating Profit (PPOP) was at Rs 15,367.8 crore. PPOP, excluding trading and Mark to Market losses, grew by 14.7% over the quarter ended June 30, 2021.

  • Provisions and contingencies for the quarter ended June 30, 2022 were Rs 3,187.7 crore (which were comprised of specific loan loss provisions) as against total provisions of Rs 4,830.8 crore for the quarter ended June 30, 2021.

  • The total credit cost ratio was at 0.91%, as compared to 1.67% for the quarter ending  June 30, 2021.

  • Profit before tax (PBT) after trading and Mark to Market losses of Rs 1,311.7 crore in the quarter, was at Rs 12,180.1 crore, and grew by 18.2% over the corresponding quarter of the previous year. After providing Rs 2,984.1 crore for taxation, the Bank earned a net profit of 9,196.0 crore, an increase of 19.0% over the quarter ended June 30, 2021.
     

 

 

Result PDF

Financials

  • Profit and loss statement

  • Balance sheet

  • Quarterly Result

  • Ratio

Sales(Cr.)

Operating Profit(Cr.)

Profit after Tax(Cr.)

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after tax

PE

Debt/Equity

P BV

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 247,326.17 Cr FV: 1.00
Period MF Net Purchase / (sold) FII Net
LAST 1M 1,077.60 36,508.33
LAST 3M 38,231.60 5,545.35
LAST 6M 121,291.29 -142,349.22
LAST 12M 212,636.06 -215,172.33
  • Announcement
  • Corporate action
  • No Data Found

Date Action Type Ratio
May 12, 2022 Dividend 1550
Jun 29, 2021 Dividend 650

Information

  • About Company
  • Company Info
  • Listing Info
20.78
20.97%
464.0645
16.69%
Description
  • HDFC Bank Limited is engaged in the banking sector. The company has its market capitalization worth INR 7,87,472.56 crore as of 16th April 2021. The company was incorporated in 1994. The company has reported quarterly revenue of INR 30,079.70 crore at the end of December 2020. This company is listed on the Bombay Stock Exchange (BSE), having the code 500180 and on the National Stock Exchange (NSE) with the symbol HDFCBANK. HDFC Bank is headquartered in Mumbai. It is one of India's largest private sector banks by assets having 5,485 branches and 14,533 ATMs spread across 2,866 cities and towns. Housing Development Finance Corporation Ltd incorporated the company. The first received approval from the Reserve Bank of India to set up a bank in the private sector. In 1995, the company commenced its operation as a Scheduled Commercial bank. HDFC Bank is a modern generation private sector bank that provides a wide range of banking services that covers commercial and investment banking on the wholesale side. On the retail side, it gives services covering transactional/ branch banking. The company has two subsidiaries, namely HDFC Securities Ltd. and HDB Financial Services. The bank launched its online real-time net banking in 1999. The company was the first bank to launch an International Debit Card in partnership with VISA. The bank found a 'No-frills' account, a basic saving account offered to the customer in 05-06. In 2008, the first overseas commercial branch of the bank was instituted in Bahrain. In 2014, the bank launched a service called the 'missed-call' banking service, which allows the customers to use the banking services without having to visit the bank or connect online. The bank became the first-ever in the retail lending space to fully automate loan approval disbursement by launching their 10-second personal loan approval service in 2015. The overall number of customers covered by the bank as of March 31, 2020, was over 5.60 crore. During the year 2020, the bank was awarded the 'Asiamoney Best Bank Award 2020' for Best Domestic Bank. The company has been steadily increasing their net profit and has accumulated a net profit of Rs.31,857 crore in the FY March 2021.

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Registered Address

HDFC Bank House, Senapati BapatMarg Lower Parel, Mumbai, Maharashtra, 400013

Tel : 91-22-66521000/3976 0000
Email : shareholder.grievances:hdfcbank.com
Website : http://www.hdfcbank.com

Registrar

Datamatics Financial Services

AGM Date (Month) : Jul
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 500180
NSE Code : HDFCBANK
Book Closure Date (Month) :
BSE Group : A
ISIN : INE040A01034

ICICIdirect HDFC Bank Ltd FAQ

You can buy HDFC Bank Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy HDFC Bank Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Aug 12, 2022 04:01 PM the closing price of HDFC Bank Ltd was ₹ 1,484.75.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Aug 12, 2022 04:01 PM, the market cap of HDFC Bank Ltd stood at ₹ 824,712.26.
The latest PE ratio of HDFC Bank Ltd as of Aug 12, 2022 04:01 PM is 20.78
The latest PB ratio of HDFC Bank Ltd as of Aug 12, 2022 04:01 PM is 0.31
The 52-week high of HDFC Bank Ltd is ₹ 1,724.30 while the 52-week low is ₹ 1,271.75 .
According to analyst recommendations, HDFC Bank Ltd has a “Buy” rating for the long term.

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