Home BusinessHDFC Bank Q2 net jumps 30% at Rs 687.46 cr
The country"s second-largest private sector lender, HDFC Bank, today reported a 30.21 per cent growth in net profit at Rs 687.46 crore for the second quarter ended September 2009.
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The bank had a net profit of Rs 527.98 crore in the September quarter of FY09, HDFC Bank said in a filing to the Bombay Stock Exchange (BSE).
Total income rose to Rs 4,999.29 crore in the second quarter from Rs 4,634.32 crore in the corresponding period a year-ago.
During the quarter, the bank"s total interest income rose marginally to Rs 3,991.89 crore, while the interest expenses were down over 4 per cent to Rs 2,036.13 crore.
Total deposits with the bank stood at Rs 1,49,805 crore at the end of September 2009, up from Rs 1,33,781 crore as of September 2008.
For the half year ended September 30, HDFC Bank posted a 30.4 per cent jump in net profit at Rs 1,293.6 crore. Total income for the six-month period stood at Rs 10,136 crore, up from Rs 8,849.5 crore in the year-ago period.
As of September 2009, the bank"s distribution network had grown to 1,506 branches from 1,412 branches in the year-ago period. The number of ATMs also increased to 3,573 during the said period, up from 2,890 as of September 30, 2008.
Shares of HDFC Bank were trading at Rs 1,705.30, up 0.29 per cent from the previous close on the BSE.