Mumbai7 minutes ago
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HDFC Bank’s profit had increased by 2.2% in the October-December quarter of FY 2025.
The country’s largest private bank HDFC shares have a rise of 2% today (April 4). It is currently trading at Rs 30 to Rs 1,824. The stock is currently the largest gainer in the Nifty 50 index.
In fact, the deposit and loan book of the bank deposits has increased in the fiscal year 2025 (January-March) quarter. Along with this, brokerage firm Jefferies has also maintained the by rating of HDFC.
HDFC shares due to rise
- Deposit bounce: The bank’s deposit has reached Rs 27.15 lakh crore in Q4 FY25. It has a growth of 14.1% on an annual basis. This is 5.9% more than the previous quarter.
- Loan growth boom, The bank’s gross advance has reached Rs 26.44 lakh crore, it has a growth of 5.4% annually and 4% on quarterly basis.
- By rating of Jefferies: Brokerage firm Jefferies has also maintained HDFC’s by rating. The firm has kept the target prize of the share of Rs 2,120.
Profit increased by 2.2% in third quarter
HDFC, the country’s largest private bank, increased to the standalone net profit in the October-December quarter of FY 2025, ₹ 16,736 crore on a pure-muna-pure annual basis. It was ₹ 16,372.5 crore in the same quarter of last year.
HDFC Bank’s earnings have been higher than analysts’ estimate. Analysts had estimated a net profit of Rs 16,650 crore. The bank’s total income in the December quarter increased by 7% to Rs 87,460 crore on an annual basis, which was Rs 81,719 crore in the same quarter last year. At the same time, the total income in the July-September quarter was Rs 85,499 crore.
