HDFC BANK LTD.
NSE : HDFCBANKBSE : 500180ISIN
CODE : INE040A01034Industry : Bank - PrivateHouse
: HDFC
BSE1527.85-5.15 (-0.34 % )
PREV CLOSE (Rs.) 1533.00
OPEN PRICE (Rs.) 1534.40
BID PRICE (QTY) 1527.05 (32 )
OFFER PRICE (QTY) 1527.70 (67 )
VOLUME 224142
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE1526.20 -6.05 (-0.39 % )
PREV CLOSE(Rs.) 1532.25
OPEN PRICE (Rs.) 1533.25
BID PRICE (QTY) 1526.15 (1175 )
OFFER PRICE (QTY) 1526.20 (1060 )
VOLUME 3407234
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 22-Apr-2024 | Sona BLW Precision Forgings, HDFC Bank and NTPC to see some action today | <p style="text-align: justify;"><span style="font-weight: bold;">Sona BLW Precision Forgings</span> (Sona Comstar) has inaugurated its new manufacturing plant in the Fipasi Industrial Park, Silao, Mexico. This strategic expansion underscores the company's commitment to meeting the growing demand for high-quality driveline solutions for Battery Electric Vehicles (BEVs) in North America. As mobility undergoes a profound transformation, Sona Comstar remains at the forefront of electrification through strategic expansions and investments in research and development, dedicatedly pioneering innovative solutions that seamlessly align with this dynamic future. </p><p style="text-align: justify;"><span style="font-weight: bold;">HDFC Bank</span> has reported results for fourth quarter (Q4) ended March 31, 2024. The bank has reported rise of 37.06% in its net profit at Rs 16511.85 crore for the quarter under review as compared to Rs 12047.45 crore for the same quarter in the previous year. Total income of the bank increased by 66.46% at Rs 89639.00 crore for Q4FY24 as compared Rs 53850.54 crore for the corresponding quarter previous year. On consolidated basis, the bank has reported rise of 39.92% in its net profit at Rs 17622.38 crore for fourth quarter ended March 31, 2024 as compared to Rs 12594.47 crore for the same quarter in the previous year. Total income of the bank reported over 2- fold jump at Rs 124391.35 crore for Q4FY24 as compared Rs 57158.84 crore for the corresponding quarter previous year.</p><p style="text-align: justify;"><span style="font-weight: bold;">NTPC</span>'s wholly owned subsidiary -- NTPC Green Energy (NGEL) has signed Memorandum of Understanding (MoU) with Indus Towers to address the need for pacing green energy objectives and the GOI's efforts towards carbon neutral economy. </p><p style="text-align: justify;"><span style="font-weight: bold;">The India Cements</span> has received approval to sell its grinding unit, with an installed capacity of 1.1 MTPA, at Parli Vaijnath, Beed District, Maharashtra (PGU), to UltraTech Cement for a total consideration of Rs 315 crore (exclusive of taxes and levies). In this regard, the company has entered into an asset purchase agreement with UltraTech Cement. The Board of Directors of company at its meeting held on April 20, 2024, approved the same. </p><p style="text-align: justify;"><span style="font-weight: bold;">JIO Financial Services </span>has reported results for fourth quarter (Q4) and year ended March 31, 2024. The company has reported over 3-fold jump in its net profit at Rs 77.76 crore for the quarter under review as compared to Rs 23.03 crore for the same quarter in the previous year. Total income of the company significantly increased to Rs 140.51 crore for Q4FY24 as compared Rs 20.96 crore for the corresponding quarter previous year. For the year ended March 31, 2024, the company has reported over 12-fold jump in its net profit at Rs 382.47 crore as compared to Rs 31.25 crore for the previous year. Total income of the company significantly increased to Rs 638.06 crore for year under review as compared Rs 44.84 crore for year ended March 31, 2023.</p><p style="text-align: justify;"><span style="font-weight: bold;">KPIT Technologies</span> has acquired balance stake in PathPartner Technology. Accordingly, PathPartner has become a wholly owned subsidiary of the Company. The cost of acquisition of 100% stake has not exceeded Rs 191 crore. The objective of acquisition is to strengthen KPITs software integration capabilities and help deliver complex software solutions for new-age vehicle architectures; early access to semiconductor technologies by leveraging PathPartner centers of excellence and technical assets for automotive OEMs and Tier 1s; and Provide compelling value in performance engineering of complex high compute domain controller software in Autonomous, Infotainment, Connected, and Electrification domains.</p><p style="text-align: justify;"><span style="font-weight: bold;">National Fertilizers</span> has received Navratna Status from Department of Public Enterprise, Ministry of Finance, Government of India. The term 'Navratna' refers to a select group of top-performing Central Public Sector Enterprises (CPSEs) that have been granted greater autonomy and financial powers by the Centre in recognition of their performance.</p> |
| 20-Apr-2024 | HDFC Bank reports 40% rise in Q4 consolidated net profit | <p style="text-align: justify;">HDFC Bank has reported results for fourth quarter (Q4) and year ended March 31, 2024.</p><p style="text-align: justify;">The bank has reported rise of 37.06% in its net profit at Rs 16511.85 crore for the quarter under review as compared to Rs 12047.45 crore for the same quarter in the previous year. Total income of the bank increased by 66.46% at Rs 89639.00 crore for Q4FY24 as compared Rs 53850.54 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">On consolidated basis, the bank has reported rise of 39.92% in its net profit at Rs 17622.38 crore for fourth quarter ended March 31, 2024 as compared to Rs 12594.47 crore for the same quarter in the previous year. Total income of the bank reported over 2- fold jump at Rs 124391.35 crore for Q4FY24 as compared Rs 57158.84 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">For the year ended March 31, 2024, the bank has reported 37.87% rise in its net profit at Rs 60812.27 crore as compared to Rs 44108.71 crore for the previous year. Total income of the bank increased by 59.53% at Rs 307581.55 crore for year under review as compared to Rs 192800.38 crore for year ended March 31, 2023.</p><p style="text-align: justify;">For the year ended March 31, 2024, on the consolidated basis, the bank has reported 39.27% rise in its net profit at Rs 64062.04 crore as compared to Rs 45997.11 crore for the previous year. Total income of the bank increased by 99.35% at Rs 407994.77 crore for year under review as compared to Rs 204666.10 crore for year ended March 31, 2023.</p> |
| 20-Apr-2024 | HDFC Bank informs about audited financial results | <p style="text-align: justify;">Pursuant to Regulation 33 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, HDFC Bank has informed that it enclosed the audited standalone and consolidated financial results of the Bank for the quarter and year ended March 31, 2024 (‘Results'), along with segment reporting and the Audit Report of the Joint Statutory Auditors in this regard. The Joint Statutory Auditors of the Bank, M M Nissim & Co. LLP, Chartered Accountants and Price Waterhouse LLP, Chartered Accountants, have issued the Audit Report on the Standalone and Consolidated financial results for the year ended March 31, 2024 with unmodified opinion. The Results were approved by the Board at 02.20 pm at its meeting held today, and thereafter the Board meeting continued for consideration of other agenda items.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 20-Apr-2024 | HDFC Bank informs about press release | <p style="text-align: justify;">In continuation to its intimation dated March 20, 2024 informing about audited standalone and consolidated financial results of the Bank for the quarter and year ended March 31, 2024, HDFC Bank has informed that it enclosed the Press Release on Audited Financial Results of the Bank for the quarter and year ended March 31, 2024.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 11-Apr-2024 | HDFC Bank opens branch in Lakshadweep | <p style="text-align: justify;">HDFC Bank has opened a branch at Kavaratti Island in the Union Territory of Lakshadweep. This makes it the only private sector bank to have a branch in the Union Territory. This branch is aimed at upgrading the banking infrastructure in the Union Territory by offering wide range of services with focus on personal banking, digital banking which also includes customised digital solutions including QR based transaction to retailers.</p><p style="text-align: justify;">HDFC Bank is one of India's premier banks providing a widerange of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.</p><div style="text-align: justify;"><br></div> |
| 05-Apr-2024 | HDFC Bank sells 3.03% stake in Indraprastha | <p style="text-align: justify;">HDFC Bank has sold 27,81,897 shares representing 3.03% of the share capital of Indraprastha Medical Corporation (Indraprastha). 27,81,897 shares of Indraprastha (being 3.03% equity stake) were sold over a period between February 29, 2024 and April 04, 2024 (both days inclusive) by HDFC Bank. Out of 50,31,897 equity shares, bank has sold 27,81,897 shares. </p><p style="text-align: justify;">HDFC Bank is one of India's premier banks providing a widerange of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.</p> |
| 04-Apr-2024 | HDFC Bank reports 55% rise in gross advances during fourth quarter of FY24 | <p style="text-align: justify;">HDFC Bank has reported growth of around 55.4% in its gross advances to around Rs 25,080 billion as of March 31, 2024 (Q4FY24) as compared to Rs 16,142 billion as of March 31, 2023 and a growth of around 1.6% (Rs 387 billion) over Rs 24,693 billion as of December 31, 2023.</p><p style="text-align: justify;">The Bank's deposits aggregated to around Rs 23,800 billion as of March 31, 2024, a growth of around 26.4% over Rs 18,834 billion as of March 31, 2023 and a growth of around 7.5% (Rs 1,660 billion) over Rs 22,140 billion as of December 31, 2023.</p><p style="text-align: justify;">The Bank's CASA deposits aggregated to around Rs 9,090 billion as of March 31, 2024, a growth of around 8.7% over Rs 8,360 billion as of March 31, 2023 and around 8.8% (Rs 734 billion) over Rs 8,356 billion as of December 31, 2023. Retail CASA grew by around 8.8% over March 31, 2023 and grew by around 6.3% (Rs 479 billion) over December 31, 2023. The Bank's CASA ratio stood at around 38.2% as of March 31, 2024, as compared to 44.4% as of March 31, 2023 and 37.7% as of December 31, 2023.</p><p style="text-align: justify;">HDFC Bank is one of India's premier banks providing a widerange of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.</p> |
| 04-Apr-2024 | HDFC Bank surges on reporting 55% rise in gross advances during fourth quarter of FY24 | <p style="text-align: justify;">HDFC Bank is currently trading at Rs. 1513.70, up by 31.15 points or 2.10% from its previous closing of Rs. 1482.55 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 1505.00 and has touched a high and low of Rs. 1526.05 and Rs. 1505.00 respectively. So far 662695 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1757.80 on 03-Jul-2023 and a 52 week low of Rs. 1363.45 on 14-Feb-2024.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 1526.05 and Rs. 1456.10 respectively. The current market cap of the company is Rs. 1150666.07 crore.</p><p style="text-align: justify;">The Institutions holding in the company stood at 83.02%, while Non-Institutions held 16.97% in the company. </p><p style="text-align: justify;">HDFC Bank has reported growth of around 55.4% in its gross advances to around Rs 25,080 billion as of March 31, 2024 (Q4FY24) as compared to Rs 16,142 billion as of March 31, 2023 and a growth of around 1.6% (Rs 387 billion) over Rs 24,693 billion as of December 31, 2023.</p><p style="text-align: justify;">The Bank's deposits aggregated to around Rs 23,800 billion as of March 31, 2024, a growth of around 26.4% over Rs 18,834 billion as of March 31, 2023 and a growth of around 7.5% (Rs 1,660 billion) over Rs 22,140 billion as of December 31, 2023.</p><p style="text-align: justify;">The Bank's CASA deposits aggregated to around Rs 9,090 billion as of March 31, 2024, a growth of around 8.7% over Rs 8,360 billion as of March 31, 2023 and around 8.8% (Rs 734 billion) over Rs 8,356 billion as of December 31, 2023. Retail CASA grew by around 8.8% over March 31, 2023 and grew by around 6.3% (Rs 479 billion) over December 31, 2023. The Bank's CASA ratio stood at around 38.2% as of March 31, 2024, as compared to 44.4% as of March 31, 2023 and 37.7% as of December 31, 2023.</p><p style="text-align: justify;">HDFC Bank is one of India's premier banks providing a widerange of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.</p> |
| 01-Apr-2024 | Ceinsys Tech, Birla Cable and Adani Green Energy to see some action today | <p style="text-align: justify;"><span style="font-weight: bold;">Ceinsys Tech</span> has received work order from SMC Infrastructures for execution of 8000 Nos. House Service Connections in Satranjipura Zone No. 7 & Lakadganj Zone No. 8 Area amounting to Rs 6.79 crore. The order is to be executed within 12 months.</p><p style="text-align: justify;"><span style="font-weight: bold;">Birla Cable</span> has received approval for expansion of production capacity of Data Cables viz. Structured LAN Ethernet Cable facilities by 10,000 Boxes per month at the company's manufacturing facility situated at Udyog Vihar, P.O Chorhata, Rewa, Madhya Pradesh.</p><p style="text-align: justify;"><span style="font-weight: bold;">Adani Green Energy</span>'s (AGEL) wholly-owned stepdown subsidiaries -- Adani Green Energy Twenty Five A and Adani Solar Energy RJ Two have operationalized an aggregate 212 MW solar power projects at Khavda, Gujarat and Phalodi, Rajasthan. Based on the relevant clearances, it was decided on March 29, 2024 to operationalize the plant and commence power generation from March 30, 2024.</p><p style="text-align: justify;"><span style="font-weight: bold;">HDFC Bank </span>has entered into a binding term sheet to sell its entire equity stake in HDFC Education and Development Services.</p><p style="text-align: justify;"><span style="font-weight: bold;">Electronics Mart India</span> has commenced the commercial operations of two new Multi Brand Stores under the brand name ‘ELECTRONICS MART' on March 29, 2024 in Haryana. The first store is located at Civil Lines, Jail Road near Sohna Chowk, Gurgaon, Haryana with area of 8,000 Square feet. Another store is located at Urban Estate, Gurugram Tehsil, Gurugram, Haryana with area of 3,600 Square feet.</p><p style="text-align: justify;"><span style="font-weight: bold;">Borosil Renewables </span>has acquired 5,874 shares of face value of EUR 1000 each, at a price of EUR 1078.82, aggregating to EUR 63,37,195, of Laxman AG, a wholly owned subsidiary of the Company. Objects of acquisition is to strengthen the equity base of Laxman AG, the loans granted to Laxman AG have been converted into equity. </p><p style="text-align: justify;"><span style="font-weight: bold;">Zomato </span>has received an order for FY 2018-19 pursuant to the audit of GST returns and accounts by the Assistant Commissioner of Commercial Taxes (Audit), Karnataka raising demand of GST of Rs 11,27,23,564, along with applicable interest and penalty totaling to Rs 23,26,64,271.</p> |
| 19-Mar-2024 | HDFC Bank informs about press release | <div>HDFC Bank has informed that it made an advertisement for loss/misplacement of share certificates in the edition dated March 19, 2024 of The Free Press Journal and its Marathi translation in Navshakti. The paper clipping of the above two advertisements is enclosed with a request to display the same on your website and inform the Members in general not to deal with the concerned share certificates. In accordance with SEBI Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated January 25, 2022, they shall issue the Letter of Confirmation with probable date as April 03, 2024 provided no claim(s) in writing supported by the valid documents are received by the Bank / Registrar till April 04, 2024. The Letter of confirmation shall be dispatched by Registrars Viz. Datamatics Business Solution and the request shall be processed in accordance with the aforesaid Circular.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
