HDFC BANK : Today Banking major HDFC Bank announced its Q3 ended December 2008 result. It posted a above the expected result. For the Q3 ended Dec 2008 :

Net profit of HDFC Bank rose 44.81% to Rs 621.74 crore in the quarter ended December 2008 as against Rs 429.36 crore during the previous quarter ended December 2007.

Total operating income rose 63.87% to Rs 4468.50 crore in the quarter ended December 2008 as against Rs 2726.90 crore during the previous quarter ended December 2007.

The second largest private sector lender’s total income rose 58.79% to Rs5,407.89 crore in the December quarter, from Rs3,405.79 crore in the year-ago period.

During the quarter, the lender’s interest income grew 63.87% to Rs4,468.50 crore. The interest expended by the bank ratcheted 93% to Rs2,489.34 crore. 

During the quarter, the bank reported earnings ( EPS ) of Rs 14.60 a share against Rs 12.10 a share in the same quarter previous year.

 

The results for the quarter and nine months ended Dec. 31, 2008 includes operations of erstwhile Centurion Bank of Punjab for the same period, on amalgamation with HDFC Bank with effect from the appointed date of April 1,08 as per the Scheme of Amalgamation. Hence the results for the quarter and nine months ended December 31, 2008 are not comparable with that of the corresponding period of the previous year.

 

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