HDFC Bank Ltd Q4FY17
Standalone Results Q4FY17: (Rs. in crore)
|Net Profit (adjusted)||3,990||18.3|
HDFC Bank’s Q4FY17 standalone NII for the period came in at Rs. 9055 crore showing a 21.5% yoy growth.
Gross NPA’s for the period recorded 34% yoy jump to Rs. 5885.6 crore. Asset quality measured in terms of gross NPA as a percentage of gross advances worsened slightly to 1.05% as against 0.94% in Q4FY16.
Provisions for bad loans made during the quarter increased 90.5% yoy to Rs.1261 crore.
Net profit for Q4FY17 increased by 18.3% yoy to Rs. 3990 crore.
Total deposits grew by 18% yoy to Rs. 643639.6 crore and advances grew by 19% yoy to Rs.554568 crore in FY17,while .CASA ratio for the quarter stood at 48% in Q4FY17.
The bank’s capital adequacy ratio as per Basel-III guidelines stands at 14.6% vs 15.5% in the last year.
Looking at full year numbers HDFC bank’s NII grew by 20% to Rs.33139.1 crore vs Rs.27951 crore in FY16. While net profit for the year grew by 18% yoy to Rs.14549.6 crore.In terms of asset quality GNPA's for the year also detoriorated to 1.05% in FY17 vs 0.94% FY16.
Bank also declared dividend of Rs.11 per share of face value of Rs.2 per share.
HDFC Bank Ltd is currently trading at Rs. 1467.75, up by 5.8 points or 0.4% from its previous closing of Rs. 1461.95 on the BSE.
The scrip opened at Rs. 1474.8 and has touched a high and low of Rs. 1474.8 and Rs. 1455.1 respectively. So far 1308729(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.
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