HDFC Bank Q2 profit grows 20.1% to Rs.4,151 crore


HDFC Bank Ltd. has released its quarterly earnings report for the period ended September 30, 2017. For the July to September quarter (second quarter) of fiscal year 2018, it has reported a 20.1% profit growth compared to the same period of last year. Despite the increase in various operating expenses, the bank was able to report high net profits due to significant growth in net interest income and other income.


For second quarter, HDFC Bank reported net income of Rs.4,151 crore against Rs.3,455 crore for the same period in 2016. The company’s total income (total interest earned + other income) increased to Rs.23,276.2 crore from Rs.19,970.9 crore for the same period in 2016. The company also posted a 22.6% growth in its net revenues. Other income (non-interest revenue) for the period increased to Rs.3,605.9 crore, which represents 27% of the company’s net revenues.

With the significant growth in interest and noninterest incomes, the company’s expenses also increased significantly. Operating expenses for the period rose to Rs.5,540 crore, up 13.8% from Rs.4,870 crore for the same period last year. The company also spent Rs.2,190.7 crore on taxation compared to Rs.1,820 crore for the second quarter of the previous year.

HDFC bank has consistently grown over the last few years. Even for the first quarter of fiscal year 2018, the company reported a 20% growth in its profit. Various factors contributed to the company’s profits and revenues for this quarter including strong growth in fees, commissions, and foreign exchange & derivatives revenue.

Other highlights from the company’s earning report for the second quarter of 2018 can be listed as follows:

  • Total balance sheet size as of September 30, 2017 was Rs.933.6 crore.
  • Total deposits increased 16.5% on a year-over-year basis to Rs.689,346 crore.
  • Capital adequacy ratio (CAR) as of September 30, 2017 was 15.1% compared to the regulatory requirement of 10.25%.


All information, including but not limited to news articles, published on this website are strictly for general information purpose only. does not provide any warranty about the authenticity and accuracy of such information. will not be held responsible for any loss and/or damage that may arise or is incurred by use of such information. Rates and offers as may be applicable at the time of applying for any product may vary from the information mentioned above. Please visit for the latest rates/offers.

Copyright reserved © 2018 A & A Dukaan Financial Services Private Ltd. All rights reserved.


Please enter your comment!
Please enter your name here