HDFC Q4 Financial results: Posts profit of 20% at Rs 12,594.5 cr; dividend 19 per equity share

New Delhi: India's Private lender, HDFC Bank board announced the financial results of the bank for the fourth quarter of FY 23 at its meeting held in Mumbai on Saturday, April 15, 2023. 

HDFC CONSOLIDATED FINANCIAL RESULTS:

The Bank's consolidated net revenue grew by 20.3% to Rs 34,552.8 crore for the quarter ended March 31, 2023 from Rs 28,733.9 crore for the quarter ended March 31, 2022. 

The consolidated net profit for the quarter ended March 31, 2023 was, Rs 12,594.5 crore, up 20.6%, over the quarter ended March 31, 2022. 

Earnings per share for the quarter ended March 31, 2023 was at Rs 22.6 and book value per share as of March 31, 2023 was at Rs 518.7. 

The consolidated net profit for the year ended March 31, 2023 was, Rs 45,997.1 crore, up 20.9%, over the year ended March 31, 2022. 

Join PSU Connect on WhatsApp now for quick updates! Click here

Read Also : HUDCO receives Excellent rating in MoU performance in FY24

HDFC STANDALONE FINANCIAL RESULTS:
 

The Bank's net revenue grew by 21.0% to Rs 32,083.0 crore for the quarter ended March 31, 2023 from Rs 26,509.8 crore for the quarter ended March 31, 2022.

Net interest income (interest earned less interest expended) for the quarter ended March 31, 2023 grew by 23.7% to Rs 23,351.8 crore from Rs 18,872.7 crore for the quarter ended March 31, 2022. 

Core net interest margin was at 4.1 % on total assets, and 4.3% based on interest-earning assets.

Read Also : Power Grid emerges successful bidder under TBCB to acquire Kudankulam Transmission Limited

DIVIDEND

The Board of Directors recommended a dividend of Rs 19.0 per equity share of 1 for the year ended March 31, 2023, as against Rs 15.5 per equity share of Rs 1 for the previous year. This would be subject to approval by the shareholders at the next annual general meeting. 

Read Also : Indian Railways partners with RKFL, TWL to reduce imports from China