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HDFC Bank profit up 6.7% at ₹17,616 cr
The Morning Standard
|April 20, 2025
THE largest private sector lender, HDFC Bank, on Saturday reported Street-beating numbers. The bank reported a 6.7% year-on-year growth in standalone net profit at ₹17,616 crore for the fourth quarter of financial year 2024-25.
On a sequential basis, the bank's net profit rose 5.3%. The better-than-expected numbers are driven by better asset quality, and a drop in provisions and contingencies from a high ₹13,510 crore in March 2024 to a low ₹3,190 crore in the reporting quarter.
Gross non-performing assets (NPAs) fell to 1.33% in March 2025, from 1.42% in December 2024. However, it expanded from 1.24% a year ago. Net NPAs stood at 0.43% as against 0.46% in a quarter ago period and 0.33% the previous year.
This story is from the April 20, 2025 edition of The Morning Standard.
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