LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

HDFC Q2FY20 Results: Profit rises over 60 pct, operation revenue grows by 10.3 pct

HDFC Q2FY20 Results: HDFC reported YoY profit growth of 60.57 per cent as its profit in Q2FY20 came at Rs 3961.5 crore against the Q2FY19 profit of Rs 2467.1 crore.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
HDFC Q2FY20 Results: Profit rises over 60 pct, operation revenue grows by 10.3 pct
HDFC Q2FY20 Results: HDFC reported that its revenue from operations has hit Rs 10,478.33 crore against Rs 9,494.7 crore against the corresponding quarter.
Written By: ZeeBiz WebTeam
Edited By: Manas Tiwari
Updated: Mon, Nov 04, 2019
04:58 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
HDFC Share price: Jefferies maintain Buy rating on HDFC with a target price of Rs 3340 HDFC Share price: Jefferies maintain Buy rating on HDFC with a target price of Rs 3340
HDFC VC and CEO Keki Mistry, in chat with Anil Singhvi, reveals his views on Monetary policy announcements HDFC VC and CEO Keki Mistry, in chat with Anil Singhvi, reveals his views on Monetary policy announcements
HDFC share price: Sharekhan maintain Buy rating with price target of Rs 3100 HDFC share price: Sharekhan maintain Buy rating with price target of Rs 3100
HDFC reports profit after tax of Rs 2,926 crore in Q3 HDFC reports profit after tax of Rs 2,926 crore in Q3
Proposed increase FDI cap in the insurance sector to 74% is a welcome step: Vibha Padalkar, HDFC Life Insurance Proposed increase FDI cap in the insurance sector to 74% is a welcome step: Vibha Padalkar, HDFC Life Insurance

HDFC Q2FY20 Results: Lending major HDFC reported its second-quarter results on 4th November 2019. On account of pre-tax gains of Rs 1627 crore through stake sale in Gruh Finance HDFC reported YoY profit growth of 60.57 per cent as its profit in Q2FY20 came at Rs 3961.5 crore against the Q2FY19 profit of Rs 2467.1 crore.

In its September quarter results, HDFC reported that its revenue from operations has hit Rs 10,478.33 crore against Rs 9,494.7 crore against the corresponding quarter. In the September quarter, HDFC's Net Interest Margin came at 3.3 per cent while its loan growth for Q2FY20 stands at 12 per cent. HDFC's Net Interest Income for the Q2FY20 at Rs 3,021 crore is 16.5 per cent up against Rs 2,594 crore in the corresponding quarter. The NBFC made Rs 754 crore in provisions in the second quarter of FY19-20 against Rs 890 crore in the Q1FY20 results.

See Zee Business Live TV streaming below:

HDFC's absolute gross NPAs rose sequentially to Rs 5,655 crore from Rs 5,315 crore in Q1FY20 numbers. In percentage terms, gross NPA at 1.33 per cent in the September quarter is higher than 1.29 per cent in the previous quarter. Total tax expenses for the quarter at Rs 568 crore were half of Rs 1,022 crore, the NBFC paid in the same quarter last year.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
HDFCBankingNBFC
RELATED NEWS
HDFC Share price: Jefferies maintain Buy rating on HDFC with a target price of Rs 3340 HDFC Share price: Jefferies maintain Buy rating on HDFC with a target price of Rs 3340
HDFC VC and CEO Keki Mistry, in chat with Anil Singhvi, reveals his views on Monetary policy announcements HDFC VC and CEO Keki Mistry, in chat with Anil Singhvi, reveals his views on Monetary policy announcements
HDFC share price: Sharekhan maintain Buy rating with price target of Rs 3100 HDFC share price: Sharekhan maintain Buy rating with price target of Rs 3100
HDFC reports profit after tax of Rs 2,926 crore in Q3 HDFC reports profit after tax of Rs 2,926 crore in Q3
Proposed increase FDI cap in the insurance sector to 74% is a welcome step: Vibha Padalkar, HDFC Life Insurance Proposed increase FDI cap in the insurance sector to 74% is a welcome step: Vibha Padalkar, HDFC Life Insurance

LATEST NEWS

Sensex rises for 2nd day on gains in IT, auto shares, reclaims 50,000-leve

Good news for Vi users! Vodafone Idea subscribers to get health insurance benefit on mobile recharges

Petrol, diesel prices unchanged for 3rd straight day

Yes Bank Share Price: Experts unveil this money making strategy in this stock

IRCTC, Ashok Leyland share price outlook decoded by Bonanza Portfolio

KIMS IPO: Rs 700 crore! All details of initial public offering of Krishna Institute of Medical Sciences

Krishna Institute of Medical Sciences IPO: Papers filed for Rs 700-cr issue

Gujarat Election Result: Another big win for BJP, defeat for Congress! Check latest seats update in local body municipal, panchayat and taluka polls

PUBG Mobile update: PUBG Mobile New State game may not be launched in India?

IIFL Finance NCD issue: Opportunity to earn handsome money, Nirmal Jain tells Anil Singhvi in exclusive chat

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved