HDFC Bank s Rs 16,811 crore consolidated profit figure was a pleasant surprise for Dalal Street, as it was way above analysts expectations. However, market veteran Deepak Shenoys analysis of HDFC Banks results had a different picture to show.
Contrary to the 50 percent profit growth number doing the rounds, HDFC Bank s consolidated PAT growth is only 10 percent, pointed out analysts as the base quarter numbers do not include HDFC Ltd s numbers
HDFC Bank Q2 Results LIVE Updates: HDFC Bank, India s largest private lender, posted a standalone net profit of 159.76 billion rupees ($1.92 billion) for the July-September quarter, it said on Monday.The standalone numbers do not include the business of the bank s subsidiaries.The results mark the first quarterly earnings report following the merger of HDFC Bank with parent Housing Development Finance Corp (HDFC) on July 1 in a $40 billion deal and are not comparable to the year-ago quarter. Net interest income, or core lending income, stood at 273.85 billion rupees.e on net interest margin (NIM) in Q2 while its profit may increase by 40-45% year-on-year (YoY).