HDFC Bank Q1 Results 2024 Date and Time: HDFC Bank announced in an exchange filing that it will release its unaudited standalone and consolidated financial statements for the quarter ending June 30, 2024, on Saturday, July 20, 2024. Typically, companies disclose their earnings reports after market hours, specifically around 3:30 PM.
As per applicable SEBI regulations, the trading window for dealing in HDFC Bank securities will be closed for designated employees, directors, etc., from June 24, 2024, to July 22, 2024, inclusive.
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Where to get HDFC Bank Q1 Results?
To find HDFC Bank’s Q1 results, you can check the following sources:
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Official Website: HDFC Bank typically publishes its quarterly results on its official website in the Investor Relations section. Look for the latest press releases or financial reports.
Stock Exchanges: Results are also filed with stock exchanges like the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). You can check their respective websites for announcements.
Financial News Websites: You can find the results on Financial Express.com for earnings announcements. We provide summaries and analysis of company results.
Brokerage and Research Websites: Research firms and brokerage houses may publish detailed reports on HDFC Bank’s financial performance shortly after the results are announced.
Investor Relations Contact: If you are an investor or shareholder, you can contact HDFC Bank’s Investor Relations department directly for information about the latest quarterly results.
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Shares of HDFC Bank
On Friday, July 19, shares of HDFC Bank on the Bombay Stock Exchange (BSE) recorded a decline of 0.47% from the previous day’s closing price of Rs 1614.50 per share. At 3 pm, the stock was trading at Rs 1605.95 per share.
According to BSE, HDFC Bank currently holds a market capitalization (mcap) of Rs 12.22 lakh crore. Each share of HDFC Bank has a face value of Rs 1. Over the past 52 weeks, the stock has reached a high of Rs 1791.90 and a low of Rs 1363.45.
HDFC Bank Q1 preview
In the first quarter of fiscal year 2025 (Q1FY25), HDFC Bank is expected to see a significant 34.5% year-on-year increase in net profit, despite a projected 2.6% quarter-on-quarter decline. According to Elara Capital, the bank’s net interest income (NII) is anticipated to grow by 26.7% year-on-year, with net interest margins (NIMs) expected to remain stable during this period.
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Based on an average estimate from 8 brokerages, HDFC Bank is projected to achieve a year-on-year growth of up to 27% in its Net Interest Income (NII), reaching Rs 29,621 crore in Q1FY24 compared to Rs 23,352 crore in the same period last year. Additionally, the bank’s profit is expected to increase by 32% year-on-year to Rs 15,905 crore in Q1FY25, up from Rs 12,047 crore reported in the corresponding period a year ago.
HDFC Q4 FY24 Results Highlights
HDFC Bank released its fiscal Q4FY24 results on April 20, reporting a standalone net profit of Rs 16,512 crore. This figure showed a slight increase from Rs 16,373 crore recorded in the preceding December quarter. The bank indicated a strategic shift towards slower growth aimed at aligning its margins and other key ratios closer to pre-merger levels. As of March, HDFC Bank’s gross non-performing assets (NPAs) ratio stood at 1.24%, a slight improvement from 1.26% three months earlier. Come from Sports betting site VPbet
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