Following growth in advances and fee income, HDFC Bank has reported 30 per cent growth in net profit for the fourth quarter as well as for the financial year 2012-13.
HDFC Bank has posted 30.1 per cent growth in net profit of Rs. 1889.84 crore for the quarter ended March 31, 2013 as compared to Rs. 1453.08 crore for the quarter ended March 31, 2012.
Total income for the quarter has increased 21.1 per cent from Rs. 9189.93 crore for the quarter ended March 31, 2012 to Rs. 11127.54 crore for the quarter ended March 31, 2013.
In the audited results for the financial year ended March 31, 2013, HDFC Bank has posted 30.2 per cent growth in net profit at Rs. 6726.28 crore for the year ended March 31, 2013 as compared to Rs. 5167.07 crore for the year ended March 31, 2012. Total income has increased from Rs. 33657.81 crore for the year ended March 31, 2012 to Rs. 41917.49 crore for the year ended March 31, 2013.
On a consolidated basis the HDFC bank Group for the financial year ended March 31, 2013 reported consolidated profit of Rs. 6869.64 crore as compared to Rs. 5247.02 crore for the year ended March 31, 2012, up 30.9 per cent. Total income has increased from Rs. 34185.72 crore for the year ended March 31, 2012 to Rs. 42993.99 crore for the year ended March 31, 2013.
The board has recommended a dividend of Rs 5.5 per equity share of Rs 2 for the year ended March 31, 2013 as against Rs 4.3 for the previous year.
The bank’s capital adequacy ratio as at March 31, 2013 stood at 16.8 per cent as against 16.5 per cent last year and against regulatory requirement of minimum of 9 per cent.
The bank’s gross non-performing assets was 0.97 per cent of gross advances at the end of the financial year as against 1.02 per cent of gross advances a year ago. The NPA provision coverage ratio was 80 per cent for the year. The total floating provision stood at Rs 1835 crore as against Rs 1435 crore in the previous year.
HDFC Bank shares closed with a loss of 1.41 per cent at Rs 689.40 on the BSE.
