HDFC Bank Q2 results, HDFC Bank Net profit rises 5% to Rs 16,820 crore. HDFC Bank's second quarter profit increased by 5%: Income increased by 9% to ₹ 85,499 crore, the bank's shares gave 10% return in six months.

The standalone net profit of HDFC, the country's largest private bank, increased by 5% year-on-year to ₹ 16,821 crore in the July-September quarter. It was ₹15,976 crore in the same quarter last year.

However, the bank's net profit has increased by 4% on quarterly basis. The bank's profit in the last quarter (Q1FY25) was Rs 16,174 crore. HDFC has released the results of Q2FY25 i.e. the second quarter of the financial year 2024-25 on Saturday (October 19).

In the July-September quarter, the total income of the bank increased by 9.04% on an annual basis to Rs 85,499 crore, which was Rs 78,406 crore in the same quarter last year. The bank's income has increased by 2.14% on quarterly basis. In the first quarter it was Rs 83,701 crore.

The stock gave 10.02% return in six months

HDFC Bank shares closed 0.70% higher at Rs 1,684 on Friday. With this the market cap of the company has become Rs 12.83 lakh crore. In the last six months, the bank's shares have given 10% returns to its investors. The bank's shares have increased by 11.21% in one year.

Bank's net interest income increased by 10%

In the September quarter, HDFC Bank's Net Interest Income (NII) increased by 10% on year-on-year (YoY) basis to Rs 30,114 crore. At the same time, the net interest income of the bank has increased by 1% on quarterly basis. In the first quarter it was Rs 29,837 crore.

HDFC Bank has more than 9,092 branches in the country.

HDFC Bank provides banking and financial services. The founder of the bank is Hasmukhbhai Parekh. He established this bank in 1994. Its head quarter is in Mumbai. The managing director and chief executive officer (CEO) of the bank is Shashidhar Jagadishan. HDFC Bank has more than 9,092 branches and 20,993 ATMs in the country.