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HDFC Bank falls despite reporting 24% rise in Q4 consolidated net profit
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HDFC Bank is currently trading at Rs. 1412.00, down by 52.85 points or 3.61% from its previous closing of Rs. 1464.85 on the BSE.
The scrip opened at Rs. 1440.00 and has touched a high and low of Rs. 1440.00 and Rs. 1409.80 respectively. So far 229385 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1724.30 on 18-Oct-2021 and a 52 week low of Rs. 1292.00 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 1525.00 and Rs. 1409.80 respectively. The current market cap of the company is Rs. 782143.10 crore.
The promoters holding in the company stood at 25.78%, while Institutions and Non-Institutions held 60.33% and 13.89% respectively.
HDFC Bank has reported results for fourth quarter and year ended March 31, 2022.
The bank has reported a rise of 22.83% in its net profit at Rs 10,055.18 crore for the quarter under review as compared to Rs 8,186.51 crore for the same quarter in the previous year. Total income of the bank increased by 8.07% at Rs 41,085.78 crore for Q4FY22 as compared Rs 38,017.50 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported a rise of 24.05% in its net profit at Rs 10,474.89 crore for the quarter under review as compared to Rs 8,444.33 crore for the same quarter in the previous year. Total income of the bank increased by 7.46% at Rs 43,960.45 crore for Q4FY22 as compared Rs 40,909.49 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the bank has reported a rise of 18.78% in its net profit at Rs 36,961.33 crore as compared to Rs 31,116.53 crore for the previous year. Total income of the bank increased by 7.67% at Rs 157,263.01 crore for year under review as compared to Rs 146,063.12 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the bank has reported a rise of 19.76% in its net profit at Rs 38,150.90 crore as compared to Rs 31,856.77 crore for the previous year. Total income of the bank increased by 7.58% at Rs 167,695.40 crore for year under review as compared to Rs 155,885.28 crore for year ended March 31, 2021.
