HDFC Bank Q2 net profit at Rs 528 cr

HDFC Bank announced a net profit of Rs 527.98 crore for the second quarter ended Sept 30.

October 16, 2008 16:32 IST

Country’s second largest private sector lender HDFC Bank on Thursday announced a net profit of Rs 527.98 crore for the second quarter ended September 30, while it had a net profit of Rs 368.48 crore in the corresponding period a year-ago.

The total income rose to Rs 4,634.32 crore for the quarter under review, whereas it was Rs 2,845.14 crore in the year-ago period, HDFC Bank informed the Bombay Stock Exchange.

Earlier this year, the bank had merged Centurion Bank of Punjab with itself. Hence, the results for the quarter are not comparable with that of the corresponding period last year, the filing stated.

For the six months ended September 30, the bank’s total income stood at Rs 8,849.5 crore, while it was at Rs 5,486.80 crore in the corresponding period a year-ago. Further, it reported a net profit of Rs 992.3 crore in the six months.

As of September quarter, the bank’s capital adequacy ratio stood at 11.4 per cent.

Shares of HDFC Bank closed at Rs 1,087.35, down 4.15 per cent on the BSE.

This article was first uploaded on October sixteen, twenty eight, at thirty-two minutes past four in the afternoon.