HDFC Bank Q3 Results Net Profit Rises 18.5 Percent.
HDFC Bank Q3 Results: The country’s largest private bank has announced its quarterly results and has presented good earnings and net interest margin figures. In the October-December quarter results of HDFC Bank, the bank’s net profit has increased by 18.5 percent to Rs 12,259 crore. Due to this, the net profit of HDFC Bank stood at Rs 10,342 crore in the same quarter last year.
HDFC Bank’s net interest income grew by 25 percent.
In the third quarter of the financial year 2022-23, HDFC Bank’s Net Interest Income (NII) has registered a 25 percent increase and has come to Rs 22,987.8 crore. In the same quarter of the previous financial year, the net interest margin of HDFC Bank stood at Rs 18,443.5 crore. The bank was expecting good quarterly results and on Friday its stock closed at Rs 1,601 per share with flat trading.
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