HDFC Bank Reports INR 161.75 Billion Q1 FY2025 Net Profit, Up 35% Year-on-Year

HDFC Bank reported a net profit of INR 161.75 billion for the first quarter of financial year 2025, the three months to 30 June 2024, a 35% increase compared with the same period a year earlier. The result was published on 20 July 2024, as the bank continues to integrate the operations absorbed from its merger with HDFC Limited.

Net interest income reached INR 298.4 billion in the quarter, an increase of 26% year-on-year.

ASSET QUALITY AND CAPITAL ADEQUACY

HDFC Bank's gross non-performing asset ratio stood at 1.33% at the end of June 2024.

The capital adequacy ratio was reported at 19.3%.

MERGER BACKGROUND

The merger between HDFC Bank and HDFC Limited was completed in the previous financial year.