Private sector lender HDFC Bank on Wednesday reported 30 percent growth in net profit at Rs 1,843.86 crore for the first quarter ended June, 2013.
The bank had earned net profit of Rs 1,417.39 crore in the April-June quarter of the 2012-13, HDFC Bank informed the BSE.
The total income of the bank rose to Rs 11,588.56 crore in the April-June quarter, from Rs 9,536.9 crore in the same period last year.
The net interest margin for the bank was 4.6 percent as compared to 4.3 percent in the same period of the previous year.
As of June 30, 2013, HDFC Bank’s portfolio quality remained healthy, with gross non-performing assets (NPAs) at 1 percent of gross advances and net non-performing assets at 0.3 percent of net advances.
The bank’s Capital Adequacy Ratio (CAR) as of June 30 stood at 15.5 percent.
Shares of HDFC Bank were trading at Rs 655.90 apiece in the afternoon on the BSE, down 3.35 percent from their previous close.
PTI