HDFC Bank, India's largest private-sector lender, reported a standalone net profit of ₹8,834.3 crore for the July–September 2021 quarter (Q2 FY22). That was about 17.6% higher than the ₹7,513.1 crore it earned in the same quarter a year earlier, and a little above analysts' estimates of roughly ₹8,797 crore.
Key numbers from the quarter
- Net profit (standalone): ₹8,834.3 crore, up from ₹7,513.1 crore a year earlier.
- Net interest income: up about 12% to ₹17,684 crore.
- Advances (loans): up 15.5% year on year.
- Core net interest margin: 4.1%.
What these terms mean
Net interest income is the interest a bank earns on loans minus the interest it pays on deposits, so it is the clearest measure of its core lending business. Net interest margin shows how much it keeps per rupee of earning assets. "Standalone" figures cover the bank only, without its subsidiaries.
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A note on the numbers
Different outlets rounded the growth rate as 17.5% or 17.6%; the figures above give 17.6%. Profit for this quarter should not be confused with HDFC Bank's later results, which are higher. This article reports company results and is not investment advice.
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Frequently asked questions
What was HDFC Bank's net profit in Q2 FY22?
Its standalone net profit was ₹8,834.3 crore for the July–September 2021 quarter, about 17.6% higher than ₹7,513.1 crore a year earlier.
What is net interest income?
It is the interest a bank earns on loans minus the interest it pays on deposits, the clearest measure of its core lending business. In this quarter it rose about 12% to ₹17,684 crore.
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What does 'standalone' mean?
Standalone figures cover the bank alone, without its subsidiaries.
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