HDFC Bank has registered a YoY 83% jump in the net profits to Rs 464 m on a turnover of RS 2.8 bn in the 1QFY01. The figures for the current year are not comparable with the corresponding previous period as Times Bank Ltd has merged the bank effective from February 26, 2000.
Operating Profit (EBDIT)
Operating Profit Margin (%)
Profit before Tax
Profit after Tax/(Loss)
Net profit margin (%)
No. of Shares (m) (eoy)
Diluted Earnings per share*
The bank's other operating income relates to income from non fund based banking activities including commission, fees, foreign earnings and earnings from debt securities.
The bank has also annonunced the 50:50 joint venture with I-flex solutions Ltd. to offer its product 'Flexcube' on an application service provider model and will target small and medium banks. While HDFC Bank will bring its expertise in the banking industry, i-flex will provide the back office technology. The venture will be ready to undertake its first transactions six-eight months from now and will operate on a pay for usage model.
At the current market price of Rs 271, HDFC Bank is trading at a P/E of 36 times its 1QFY01 annualised earnings.
HDFC Bank declared the results for the third quarter of financial year ending March 2017 (3QFY17). The bank has reported 18% YoY and 15% YoY growth in net interest income and net profits respectively in 3QFY17.
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