HDFC Bank Q2 results 2023 to be declared on Monday not on Sunday. Details here

Q2 results 2023: Amid speculations about the kind of results HDFC Bank would be presenting after amalgamation of HDFC Ltd with HDFC Bank, Dalal Street is in confusion whether the Q2 results 2023 will be declared on Sunday or on Monday as the board of directors meeting will be happening from 15th to 16th October 2023. to avoid this confusion, HDFC Bank Ltd has already cleared that the HDFC Bank results for Q2FY24 will be declared on Monday 2023. However, the private lender is yet to come with details like media briefing time and conference call timings.

While informing Indian stock market bourses about the board of directors meeting to consider and approve unaudited financial results HDFC Bank said, “We wish to inform you that a meeting of the Board of Directors of HDFC Bank Limited (“the Bank”) will be held over Sunday, October 15, 2023 to Monday, October 16, 2023 to inter-alia consider the unaudited standalone and consolidated financial results for the second quarter and half year ended September 30, 2023.”

In this exchange communication, HDFC Bank also mentioned, “The financial results will be presented to the Board of Directors on October 16, 2023 for their approval.”

This means financial results of HDFC Bank will get approved on 16th OCtober 2023 i.e. onm Monday. As HDFC Bank results can’t be declared without approval of its board of directors, one should wait for Q2 results 2023 of HDFC Bank on Monday not on Sunday. Meeting to consider and approve HDFC Bank Q2 results 2023 will begin on Sunday but the results will be declared on Monday next week.

HDFC Bank Q1 results 2023

In April to June 2023 quarter, HDFC Bank reported a standalone net profit of 11,951.7 crore for the quarter ended June 2023, registering a growth of 30 per cent from 9,196 crore in the same quarter last year. The private lender’s net interest income (NII) during Q1FY24 increased 21.1 per cent to 23,599.1 crore from 19,481.4 crore, YoY. Core interest margin of HDFC Bank was at 4.1 per cent on total assets, and 4.3 per cent based on interest earnings assets. Provisions and contingencies for the quarter ended June 30, 2023, were at 2,860 crore as against 3,188 crore, YoY.

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Updated: 14 Oct 2023, 10:29 AM IST