HDFC Bank Q3FY22 Earnings: Consolidated PAT up 21% YoY at Rs 10591 cr; advances up 16% YoY

HDFC Bank today reported a 20.8 per cent Year-on-Year (YoY) jump in its consolidated net profit at Rs 10,591 cr for the quarter ended 31 December 2021. Consolidated advances grew by 15.8 per cent from 1,133,440 as on 31 December 2020 to Rs 1,312,142 cr in the Q3 of FY22, the company said in its filing to exchanges.

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The consolidated net profit for the period 9 month ended 31 December 2021 was Rs 27,610, which was up 18 per cent as against the PAT reported by largest private lender during the corresponding period in the last financial year.

On the standalone basis, net revenues reported by the company stood at Rs 26,627 cr which were up 12.1 per cent YoY from Rs 23,760 cr reported during the corresponding period in FY21. Net interest Income (NII) was up 13 per cent YoY to Rs 18,443 cr versus Rs 16,317 cr in Q3FY21.

HDFC Bank added 294 branches over a 1-year period and also hired 16,852 people during this period.

The balance sheet stood at Rs 1,938,286 cr versus Rs 1,654,228 cr reported over a year ago period which was an over 17 per cent jump.