HDFC BANK Announces Quarterly Results (1QFY21); Net Profit Up 19.6%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

HDFC BANK Announces Quarterly Results (1QFY21); Net Profit Up 19.6%
Mon, 20 Jul

HDFC BANK has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

HDFC BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Operating incomeRs m273,916298,851303,7801.6%10.9%
Other incomeRs m49,70360,32640,753-32.4%-18.0%
Total revenuesRs m323,618359,176344,533-4.1%6.5%
InterestRs m140,973146,810147,1260.2%4.4%
Gross Profit Rs m132,943152,041156,6543.0%17.8%
Other expensesRs m71,17382,77869,115-16.5%-2.9%
Profit before taxRs m85,33691,74389,378-2.6%4.7%
TaxRs m29,65422,46622,7911.4%-23.1%
Profit after taxRs m55,68269,27766,586-3.9%19.6%
Gross profit margin %48.550.951.6
Effective tax rate%34.824.525.5
Net profit margin%20.323.221.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The bank's operating income (interest earned) during the quarter grew 10.9% on a year-on-year (YoY) basis. The interest expended was up by 4.4% YoY during the same period.
  • The bank's operating profit increased by 17.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 51.6% in 1QFY21 as against 48.5% in 1QFY20.
  • Other income declined by 18.0% YoY during the quarter.
  • Net profit for the quarter increased by 19.6% YoY. Net profit margins during the quarter increased from 20.3% in 1QFY20 to 21.9% in 1QFY21.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 1.6% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 0.2% QoQ during the same period.
  • The bank's operating profit increased by 3.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 51.6% in 1QFY21 as against 50.9% in 4QFY20.
  • Net profit for the quarter declined by 3.9% QoQ, while net profit margins declined from 23.2% in 4QFY20 to 21.9% in 1QFY21.

To see how HDFC BANK has performed over the last eight quarters,please visit here.

New Opportunity: India's #1 Defence Stock

HDFC BANK Share Price Performance

Over the last one year,HDFC BANK share price has moved down from Rs 1,188.0 to Rs 1,140.0, registering a Loss of Rs 48.0 or around 4.0%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 25,350.4 (up 1.9%). Over the last one year it has moved down from 33,464.0 to 25,350.4, a loss of 8,114 points (down 24.2%).

Overall, the S&P BSE SENSEX is down 4.7% over the year.

Current Valuations

At the current price of Rs 1,140.0, the price to earnings (P/E) ratio of HDFC BANK stands at 22.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.1 times.

Equitymaster requests your view! Post a comment on "HDFC BANK Announces Quarterly Results (1QFY21); Net Profit Up 19.6%". Click here!

  

Related Views on News

HDFC BANK Announces Quarterly Results (2QFY21); Net Profit Up 18.4% (Quarterly Result Update)

Oct 19, 2020 | Updated on Oct 19, 2020

For the quarter ended September 2020, HDFC BANK has posted a net profit of Rs 75 bn (up 18.4% YoY). Sales on the other hand came in at Rs 300 bn (up 6.4% YoY). Read on for a complete analysis of HDFC BANK's quarterly results.

HDFC BANK Announces Quarterly Results (4QFY20); Net Profit Up 17.7% (Quarterly Result Update)

Apr 21, 2020 | Updated on Apr 21, 2020

For the quarter ended March 2020, HDFC BANK has posted a net profit of Rs 69 bn (up 17.7% YoY). Sales on the other hand came in at Rs 299 bn (up 13.5% YoY). Read on for a complete analysis of HDFC BANK's quarterly results.

How the YES Bank Collapse Unfolded - 10 Points (Sector Info)

Mar 9, 2020

A timeline of how YES Bank went from a stock market darling to a pariah.

Today's Stock Market Crash: 10 Points (Sector Info)

Mar 6, 2020

Top factors that dragged the markets lower today.

More Views on News

Most Popular

My Latest Stock Recommendation(Fast Profits Daily)

Oct 9, 2020

How I picked an exciting stock using trends from both the commodity and equity markets.

The 'Seedhi Baat, No Bakwaas' View on ITC(Profit Hunter)

Oct 12, 2020

Is ITC an investment or a speculation at current levels?

How to Shortlist the Best Stocks for Trading(Fast Profits Daily)

Oct 7, 2020

In this video, I'll show you how to identify a confluence of factors in the market which will point you to the best stocks to trade.

The Inflection Point for Defence Stocks is Getting Closer(Profit Hunter)

Oct 9, 2020

Few Indian defence companies could use their engineering capabilities to eventually become global leaders.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

HDFC BANK SHARE PRICE


Oct 20, 2020 (Close)

TRACK HDFC BANK

  • Track your investment in HDFC BANK with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

HDFC BANK - DEUTSCHE BANK COMPARISON

COMPARE HDFC BANK WITH

MARKET STATS