Profit increased by 12%, shareholders’ gift of 1: 1 bonus: HDFC Bank’s Spectacular Q1 Results: Profit Up 12%, Shareholders Gifted 1: 1 Bonus

India’s largest private bank, HDFC Bank has released its spectacular financial results of the first quarter (Q1 FY25) of the financial year 2024-25. The net profit of the bank has increased by 12% to ₹ 12,676.5 crore. With this excellent performance, there is another good news for bank shareholders – management has also announced the release of bonus share Bonus Issue in a ratio of 1: 1.

During the quarter, the bank’s net interest income NET Interest Income – NII increased by 5% to ₹ 29,581.3 crore, indicating a strong increase in income from the bank’s interest. In addition, other income (except commercial benefits) also recorded a 20.7% increase, which was ₹ 9,797.1 crore.

HDFC Bank’s loan advances increased by a significant increase of 15.3%, which reached ₹ 38.35 lakh crore. Similarly, deposits Deposits also increased by 24.9% to ₹ 25.37 lakh crore. The bank’s net interest margin NIM was also seen to improve, which increased from 3.45% of Q4 FY24 to 3.60% in Q1 FY25, while in Q1 FY24 it was 3.55%.

Asset Quality also remains better for the property of property for the bank. Gross non-performing assets (GNPAS) have come down to 1.09%, which is 1.17% of the same period last year and less than 1.17% of the previous quarter. NET NPA NET NPAS also remains at 0.30%.

These results reflect HDFC Bank’s strong financial management and the ability to further strengthen its position in the market. 1: 1 bonus share announcement is definitely a positive step for shareholders, which will further increase their trust in the bank.