HDFC Bank Q1FY23 result : Net NPA at 0.35% to ₹4,887.7 Cr against ₹4,407.6 Cr, PAT fall 8.27% QOQ

HDFC Bank's Gross non-performing assets were at 1.28% of gross advances as on June 30, 2022, (1.06% excluding NPAs in the seasonal agricultural segment) as against 1.47% as on June 30, 2021, (1.26% excluding NPAs in the seasonal agricultural segment). Net nonperforming assets were at 0.35% of net advances as on June 30, 2022

HDFC Bank q1fy23 result
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HDFC Bank was incorporated in 1994 as a subsidiary of the Housing Development Finance Corporation, with its registered office in Mumbai, Maharashtra, India. Its first corporate office and a full-service branch at Sandoz House, Worli were inaugurated by the then Union Finance Minister, Manmohan Singh.

The Bank has posted its Q1FY23 financial results today, the details are as below :

(I)Unaudited Consolidated Financial Results for Quarter Ended (QOQ comparison):

The company has reported, a consolidated Total Income of ₹44,202.32 crore in the quarter ended on June 30, 2022 as against ₹43,960.45 crore in the last quarter ended on Mar 31, 2022, increased by 0.55%.

The company has posted a consolidated Net Profit of ₹ crore in the quarter ended on March 31, 2022 as against ₹10,443.01 crore in the previous quarter ended on June 30, 2022. The PAT surges down by 8.27%.

The status of the EPS of the company stood at ₹17.2 as on March 31, 2022 compared to the previous quarter ended on June, 2022 which was ₹18.7, down by 8.02%.

₹*June 30, 2022 (Q1FY23)Mar 31, 2022 (Q4FY22)
Total Income44,202.3243,960.45
Total Expenses27713.3426240.05
PBT /(Loss)12823.3013689.85
Total Tax /(credit)3206.633214.96
PAT /(Loss) [to the owners]9,579.1110,443.01
*figures are in Crores

(I)Unaudited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹44,202.32 crore in the financial year ended on June 30, 2022 as against ₹38,933.63 crore for the same quarter ended on last year June 30, 2021 that increased by 13.5.%.

The company has posted a consolidated Net Profit of ₹9,579.11 crore in the financial year ended on June 30, 2022 as against ₹7,922.09 crore for the same quarter ended on last year June 30, 2021. The PAT surges up by 20.92%.

The status of the EPS of the company stood at ₹17.2 as on June 30, 2022 compared to the quarter ended on last year June 30, 2021 which was ₹14.3, up by 20.28%.

₹*June 30, 2022 (Q1FY23)June 30, 2021 (Q1FY22)
Total Income44,202.3238,933.63
Total Expenses27713.3422925.39
PBT /(Loss)12823.3010641.91
Total Tax /(credit)3206.632701.63
PAT /(Loss) [to the owners]9,579.117,922.09
*figures are in Crores
HDFC Bank Q1FY23 Result 2022 – Market Times

(IV) Asset Quality and CAR :

HDFC Bank’s Gross non-performing assets were at 1.28% of gross advances as on June 30, 2022, (1.06% excluding NPAs in the seasonal agricultural segment) as against 1.47% as on June 30, 2021, (1.26% excluding NPAs in the seasonal agricultural segment). Net nonperforming assets were at 0.35% of net advances as on June 30, 2022.

Net NPA was at 0.35% of Gross advances as on June 30, 2022 as compared to 0.48% as on June 30, 2021 and 0.32% as of March 31, 2022.

In Q1FY23, Bank’s total Capital Adequacy Ratio (CAR) was at 17.5%, as compared to 18.9% in Q4FY22 and 19.1% in Q1FY22.

Return on Average Assets (RoA) is at 0.46% for Q1FY23 against 0.52% in Q4FY22 and 0.45% in Q1FY22.

Q1FY23Q4FY22Q1FY22
Gross NPA ₹*₹18,033.67₹16,140.96₹17,098.51
Gross NPA %1.281.171.47
Net NPA ₹*₹4,887.73₹4,407.68₹5,485.80
Net NPA %0.350.320.48
**CAR %17.518.919.1
RoA %0.460.520.45
*₹ are in Crores **Capital Adequacy Ratio

The Bank held floating provisions of ₹ 1,451 crore and contingent provisions of ₹ 9,630 crore as on June 30, 2022. Total provisions (comprising specific, floating, contingent and general provisions) were 170% of the gross non-performing loans as on June 30, 2022.

Provisions and contingencies for the quarter ended June 30, 2022 were ₹ 3,187.7 crore (which were comprised of specific loan loss provisions) as against total provisions of ₹ 4,830.8 crore for the quarter ended June 30, 2021.

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