HDFC Bank rose 0.33% to Rs 1,094.70 at 14:25 IST on BSE after the bank announced good Q4 results during trading hours today, 22 April 2016.
Meanwhile, the BSE Sensex was down 32.75 points, or 0.13%, to 25,847.63.
On BSE, so far 1.26 lakh shares were traded in the counter, compared with an average volume of 1.36 lakh shares in the past one quarter. The stock hit a high of Rs 1,100.90 and a low of Rs 1,085.65 so far during the day. The stock hit a record high of Rs 1,127.90 on 21 July 2015. The stock hit a 52-week low of Rs 928.80 on 29 February 2016. The stock had outperformed the market over the past one month till 21 April 2016, rising 4.48% compared with 2.35% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 6.59% as against Sensex's 8% rise.
The large-cap company has an equity capital of Rs 505.64 crore. Face value per share is Rs 2.
HDFC Bank's net profit rose 20.21% to Rs 3374.22 crore on 21.15% increase in total income to Rs 18862.61 crore in Q4 March 2016 over Q4 March 2015.
The bank's gross non-performing assets (NPAs) stood at Rs 4392.83 crore as on 31 March 2016 as against Rs 4255.20 crore as on 31 December 2015 and Rs 3438.38 crore as on 31 March 2015. The ratio of gross NPAs to gross advances stood at 0.94% as on 31 March 2016 as against 0.97% as on 31 December 2015 and 0.93% as on 31 March 2015. The ratio of net NPAs to net advances stood at 0.28% as on 31 March 2016 as against 0.29% as on 31 December 2015 and 0.25% as on 31 March 2015. The bank's provisions and contingencies (excluding tax provisions) rose 14.88% to Rs 662.45 crore in Q4 March 2016 over Q4 March 2015.
Net interest income grew by 24% to Rs 7453.30 crore in Q4 March 2016 over Q4 March 2015, driven by average assets growth of 23.8% and a core net interest margin for the quarter of 43%.
Other income (non-interest revenue) at Rs 2865.90 crore was 27.8% of the net revenues in Q4 March 2016 and grew by 11.8% over Q4 March 2015. The four components of other income in Q4 March 2016 were fees & commissions of Rs 2,172.40 crore, foreign exchange & lerivatives revenue of Rs 282.80 crore, gain on revaluation / sale of investments of Rs 115.50 crore and miscellaneous income including recoveries of Rs 295.20 crore. Operating expenses rose 18.9% to Rs 4584.30 crore in Q4 March 2016 over Q4 March 2015.
The bank's net profit rose 20.36% to Rs 12296.23 crore on 23.50% increase in total income to Rs 70973.17 crore in the year ended March 2016 over the year ended March 2015.
On a consolidated basis, net profit rose 19.76% to Rs 12801.33 crore on 23.52% increase in total income to Rs 74373.22 crore in the year ended March 2016 over the year ended March 2015.
Total deposits rose 21.2% to Rs 546,424 crore as of 31 March 2016 over 31 March 2015.
CASA (current and savings account) deposits saw healthy growth with current account deposits growing by 20.2% over the previous year to reach Rs 88425 crore and savings account deposits growing by 18.4% over the previous year to reach Rs 147886 crore. Time deposits were at Rs 310113 crore, an increase of 22.9% over the previous year resulting in CASA proportion of 43% as on 31 March 2016.
Advances as of 31 March 2016 were Rs 464594 crore, an increase of 27.1% over 31 March 2015. Both segments of the bank's loan portfolio grew faster than system loan growth. The domestic retail loans and wholesale loans grew by 29.7% and 27.2% respectively. The domestic loan mix between retail:wholesale was 51:49.
HDFC Bank is one of the leading private sector banks in India.
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