The Board of Directors of HDFC Bank Limited approved the Bank’s (Indian GAAP) results for the quarter and year ended March 31, 2024, at its meeting held in Mumbai on Saturday, April 20, 2024. The accounts have been subjected to an audit by the statutory auditors of the Bank.
CONSOLIDATED FINANCIAL RESULTS:
The Bank’s consolidated net revenue grew by 133.6% to Rs. 807.0 billion for the quarter ended March 31, 2024 from Rs. 345.5 billion for the quarter ended March 31, 2023. The consolidated profit after tax for the quarter ended March 31, 2024 was Rs. 176.2 billion, up 39.9%, over the quarter ended March 31, 2023. Earnings per share for the quarter ended March 31, 2024 was Rs. 23.2 and book value per share as of March 31, 2024 was Rs. 600.8.
The consolidated profit after tax for the year ended March 31, 2024 was Rs. 640.6 billion, up 39.3%, over the year ended March 31, 2023.
STANDALONE FINANCIAL RESULTS:
Profit & Loss Account: Quarter ended March 31, 2024
The Bank’s net revenue grew by 47.3% to Rs. 472.4 billion (including transaction gains of Rs. 73.4 billion from stake sale in subsidiary HDFC Credila Financial Services Ltd) for the quarter ended March 31, 2024 from Rs. 320.8 billion for the quarter ended March 31,2023.