“HDFC Bank Q4FY24 Earnings Update: India’s Largest Private Sector Bank, a NIFTY50 heavyweight, records a 37.1% YoY increase in Profit After Tax to ₹16,512 crore for the quarter ending March 31, 2024, reported on April 20.”
“HDFC Bank Q4FY24 Earnings Update: Net profit surges 37% YoY to ₹16,512 crore amidst NIM pressure, stable loan but weaker deposit growth, and cost pressures due to impending wage hikes and pension provisions. Consolidated net revenue jumps 133.6% to ₹807.0 billion; PAT for Q4FY24 reaches ₹176.2 billion, up 39.9% from Q4FY23. Q4FY24 EPS stands at ₹23.2; book value per share as of March 31, 2024, is ₹600.8.”
“India’s biggest private sector bank is set to announce its earnings on Saturday. Analysts from five brokerages anticipate a year-over-year net profit surge of over 50%, on average.”
“HDFC Bank, India’s top private sector lender, will unveil its Q4 figures today, concluding a busy week of corporate earnings, along with several other companies.”
“IT firms saw a mixed performance with TCS surpassing Q4 expectations, whereas Infosys faced challenges with weaker FY25 outlook and revenue shortfall.”
“On Saturday, Alok Industries, Sterling and Wilson, Bhansali Engineering, International Travel House, PVV Infra, Rollatainers, Ind Bank Housing, Beryl Drugs, and NB Footwear will report their Q4 results.”
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