HDFC Bank Q3 net up 30 per cent at Rs1,859 crore

Private sector HDFC Bank has reported a 30 per cent jump in its net profit for the October-December quarter of the current financial year, at Rs1,859.07 crore, against a net profit of Rs1,429.66 crore in the comparable quarter of the 2011-12 fiscal.

Total income for the quarter ended 31 December 2012 stood at Rs10,506.5 crore, up 21.84 per cent from Rs8,622.6 crore for the quarter ended 31 December 2011.

Net revenues (net interest income plus other income) were up 23.4 per cent at Rs5,597.7 crore for the quarter ended 31 December 2012 against Rs4,536.0 crore during the corresponding quarter of the previous year.

Net interest income (interest earned less interest expended) for the quarter ended 31 December 2012 grew 21.9 per cent to Rs3,798.9 crore.

HDFC Bank reported a 24.3-per cent year-on-year growth in loan books and a net interest margin for the quarter of 4.1 per cent during the December 2012 quarter.

Other income (non-interest revenue) for the December 2012 quarter rose to Rs1,798.9 crore from Rs1,420.0 crore in the corresponding December 2011 quarter.