Mumbai(Sharemasterindia.com): HDFC Bank, India's
second-biggest private sector lender by assets, reported on Tuesday a
20.7 per cent rise in quarterly profit, lagging estimates, as bad loans
rose.
The Mumbai-based lender said net profit rose to Rs 2,696 crore for its fiscal first quarter to June 30, from Rs 2,233 crore reported a year earlier.
Analysts on average had expected a net profit of Rs 2,739 crore, according to data compiled by Thomson Reuters.
Gross non-performing loans as a percentage of total loans rose to 0.95 per cent from 0.93 per cent in the March quarter.
The Mumbai-based lender said net profit rose to Rs 2,696 crore for its fiscal first quarter to June 30, from Rs 2,233 crore reported a year earlier.
Analysts on average had expected a net profit of Rs 2,739 crore, according to data compiled by Thomson Reuters.
Gross non-performing loans as a percentage of total loans rose to 0.95 per cent from 0.93 per cent in the March quarter.
No comments:
Post a Comment