HDFC Bank Ltd. has declared the results of Q2 FY16

The bank has posted a rise of 20.49% & 6.44% in its net profit at Rs 2869.45 crore for the quarter ended September 30, 2015 as compared to the same quarter in the previous year & last quarter resp. Total income has increased by 24.68% at Rs 17324.28 crore for quarter under review as compared to Rs 13894.73 crore for the quarter ended September 30, 2014. Net income saw a rise of 24.69% and other income saw a rise of 24.65% on Y-o-Y basis.

Asset quality of the bank has also improved. The bank’s gross NPA for the July-September quarter of the current fiscal improved to 0.91%, as compared to 1.02% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 0.25% in Q2FY16.

CASA proportion as on 30-Sep-2015 stands at 40%.

Latest Key Indicators of the stock are as follows:

Key Market Indicators (Standalone)
Latest Date 20-Oct-2015
Latest Price (Rs) 1095.15
Previous Close (Rs) 1096.20
1 Day Price Var% -0.10
1 Year Price Var% 22.39
52 Week High (Rs) 1127.90
52 Week Low (Rs) 887.70
Beta 0.88
Face Value (Rs) 2.00
Industry PE 20.21
TTM Period 201506
TTM EPS(Rs) 42.41
TTM CEPS(Rs) 42.41
Price/TTM CEPS(x) 25.83
TTM PE (x) 25.83
Price/BV(x) 4.24
EV/TTM EBIDTA(x) 15.94
EV/TTM Sales(x) 5.72
Dividend Yield% 0.73
MCap/TTM Sales(x) 5.38
Latest Book Value (Rs) 257.99
Market Cap (Rs. In Crores) 275779.93
EV (Rs. In Crores) 293483.03
Latest no. of shares (In Crores) 251.82

Comparison of quarterly results with previous quarter (Q-o-Q) and the same quarter of last year (Y-o-Y) is below:

DESCRIPTION Sep-15 Sep-14 Var% Jun-15 Var%
Interest Earned 14772.52 11847.63 24.69 14041.06 5.21
Other Income 2551.76 2047.10 24.65 2461.91 3.65
Total Income 17324.28 13894.73 24.68 16502.97 4.98
Interest Expended 8091.62 6336.64 27.70 7652.29 5.74
Operating Expenses 4189.77 3497.90 19.78 4000.79 4.72
Operating Profit before Prov.& Cont. 5042.89 4060.19 24.20 4849.89 3.98
Exceptional Items          
Provisions and Contingencies 681.29 455.89 49.44 727.99 -6.41
PBT 4361.60 3604.30 21.01 4121.90 5.82
Tax 1492.15 1222.84 22.02 1426.18 4.63
Profit After Tax 2869.45 2381.46 20.49 2695.72 6.44
           
Amount of Gross NPA 3827.77 3361.65 13.87 3652.23 4.81
Amount of Net NPA 1037.68 917.34 13.12 1027.70 0.97
% of Net NPAs 0.25 0.30 -16.67 0.27 -7.41
% of Gross NPAs 0.91 1.00 -9.00 0.95 -4.21
Return on Assets 0.50 0.50 0.00 0.50 0.00
           
Calculated EPS (Unit.Curr.) 11.39 9.86 15.52 10.73 6.15
           
PBIDTM% 34.14 34.27 -0.39 34.54 -1.16
PBDTM% 29.53 30.42 -2.95 29.36 0.58
PBTM% 29.53 30.42 -2.95 29.36 0.58
PATM% 19.42 20.10 -3.37 19.20 1.15
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