News Overview

Order values are categorized as significant, large, major and mega

The GoI-backed company has registered a rise in net profit both sequentially and in YoY terms.

Flattish sales volumes likely during the quarter.

Revenue reached a record high of Rs 6,880.20 crore, up 9% from the Rs 6,305.70 crore earned in the same period last year.

Steady performance likely on the cards.

However, the net NPA ratio grew to 0.60% in the second quarter, up from 0.55% in the June 2023 period.

Disbursements during Q2 grew by a substantial 13 % year-on-year, reaching Rs 13,315 crore

The net premium income for the second quarter of the year was Rs 20,050 crore, a 22% YoY increase. In the same quarter of the prior year, it was Rs 16,477 crore.

Analysts of IIFL Capital Services expect HDFC Bank to ace the ‘Race for Deposits’, followed by SBI, ICICI and Axis.

Lower oil prices caused revenue to fall to Rs 1.16 lakh crore in July-September.