HDFC Announces Quarterly Results (2QFY19); Net Profit Up 17.4%

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 Announces Quarterly Results (2QFY19); Net Profit Up 17.4%
Mon, 5 Nov

HDFC has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

HDFC Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Operating incomeRs m87,50699,407112,45613.1%28.5%
Other incomeRs m1041131140.3%9.6%
Total revenuesRs m87,60999,520112,57013.1%28.5%
InterestRs m55,34163,52770,44510.9%27.3%
Gross Profit Rs m32,04835,75041,87717.1%30.7%
Other expensesRs m3,0805,1637,10037.5%130.5%
Profit before taxRs m29,07130,70034,89113.7%20.0%
TaxRs m8,0608,80010,22016.1%26.8%
Profit after taxRs m21,01121,90024,67112.7%17.4%
Gross profit margin %36.636.037.2
Effective tax rate%27.728.729.3
Net profit margin%24.022.021.9
* 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 28.5% on a year-on-year (YoY) basis. The interest expended was up by 27.3% YoY during the same period.
  • The bank's operating profit increased by 30.7% YoY during the quarter. Consequently, operating profit margins remained same and stood at 37.2% in 2QFY19.
  • Other income increased by 9.6% YoY during the quarter.
  • Net profit for the quarter increased by 17.4% YoY. Net profit margins during the quarter declined from 24.0% in 2QFY18 to 21.9% in 2QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 13.1% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 10.9% QoQ during the same period.
  • The bank's operating profit increased by 17.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 37.2% in 2QFY19 as against 36.0% in 1QFY18.
  • Net profit for the quarter increased by 12.7% QoQ, while net profit margins declined from 22.0% in 1QFY18 to 21.9% in 2QFY19.

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

HDFC Share Price Performance

Over the last one year, HDFC share price has moved up from Rs 1,775.4 to Rs 1,786.8, registering a Gain of Rs 11.4 or around 0.6%.

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 1,786.8, the price to earnings (P/E) ratio of HDFC stands at 21.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.3 times.

Equitymaster requests your view! Post a comment on "HDFC Announces Quarterly Results (2QFY19); Net Profit Up 17.4%". Click here!

  

Related Views on News

HDFC Announces Quarterly Results (1QFY20); Net Profit Up 46.3% (Quarterly Result Update)

Aug 14, 2019 | Updated on Aug 14, 2019

For the quarter ended June 2019, HDFC has posted a net profit of Rs 32 bn (up 46.3% YoY). Sales on the other hand came in at Rs 130 bn (up 30.7% YoY). Read on for a complete analysis of HDFC's quarterly results.

HDFC Announces Quarterly Results (3QFY19); Net Profit Down 62.7% (Quarterly Result Update)

Jan 30, 2019 | Updated on Jan 30, 2019

For the quarter ended December 2018, HDFC has posted a net profit of Rs 21 bn (down 62.7% YoY). Sales on the other hand came in at Rs 106 bn (up 21.6% YoY). Read on for a complete analysis of HDFC's quarterly results.

HDFC: Listing Gains Mask Healthy Growth and Asset Quality (Quarterly Results Update - Detailed)

Feb 7, 2018

Windfall listing gains utilised to shore up provisions and strengthen balance sheet further.

CreditAccess Grameen IPO: Should You Apply to this Interesting Microfinance Play? (IPO)

Aug 7, 2018

Should you apply to the IPO of CreditAccess Grameen Ltd?

HDFC AMC IPO: Do Valuations Leave Enough on Table for Investors? (IPO)

Jul 20, 2018

Should you subscribe to the IPO of HDFC AMC Ltd?

More Views on News

Most Popular

Could this Smallcap Be the Next Page Industries?(Profit Hunter)

Nov 27, 2019

A single stock - Coca Cola, made Buffett billions. Here's your chance to break into the crorepati club with a single smallcap stock investment.

How We Made 12.68% in One Overnight Trade(The 5 Minute Wrapup)

Nov 25, 2019

This one trade had my subscribers laughing all the way to the bank.

Growth Stocks or Value Stocks... What Will Make You More Money in this Bull Market?(Profit Hunter)

Nov 28, 2019

Should you invest in growth stocks or value stocks to make strong returns in this market?

Two Trends to Look at as Sensex Crosses 41,000 Levels(Views On News)

Nov 26, 2019

The two trends that are playing out as Sensex touches new record high.

The Best Trading Strategy for Fast Profits

Nov 29, 2019

Vijay and I have decided to team up and bring you a unique offering never seen before in the Indian stock markets.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

HDFC SHARE PRICE


Dec 6, 2019 11:30 AM

TRACK HDFC

COMPARE HDFC WITH

MARKET STATS