The market capitalization of HDFC Bank surpassed Rs 14 lakh crore for the first time, after the stock went on to touch the all time high level of Rs 1,836.10 per share on the BSE (Bombay Stock Exchange).
The shares of HDFC Bank touched a fresh lifetime high level of Rs 1,836.10 per share on the Indian bourses after hitting the opening bell at Rs 1,819.00 per share on the exchanges, with a 0.94 per cent surge amounting to Rs 17.10 per share.
The HDFC bank stock was trading at Rs 1,801.25 per share on the BSE (Bombay Stock Exchange). with decline of 0.61 per cent amounting to Rs 11.05 per share on the exchanges.
The stock increased 18.7 per cent over the previous six months and 3.13 per cent this week.
The spike in HDFC Bank stock coincides with the possibility of inflows of approximately USD 1.9 billion as a result of the bank's increased weighting in the MSCI indices.
HDFC bank Q2 FY25
In the second quarter of the fiscal year that concluded in September 2024, the largest lender in India reported a 5 per cent increase in its standalone profit after tax (PAT) to Rs 16,821 crore. The bank declared a Rs 15,976 crore post-tax profit a year ago.
Revenue and NII
In Q2 of FY25, total income increased by 9 per cent to Rs 85,500 crore, up from Rs 78,406 crore in the same period the previous year.
In the three months ending in September 2024, the bank's interest income increased 9.3 per cent year over year (YoY) to Rs 74,017 crore from Rs 67,698 crore in the second quarter of FY24.
Gross and net NPA
With gross non-performing assets (NPAs) increasing from 1.34 per cent of gross loans to 1.36 per cent by the end of September 2024, the bank's asset quality slightly declined.
In a similar vein, net non-performing assets (NPAs), or bad loans, increased from 0.35 per cent to 0.41 per cent during the same fiscal period.
