HDFC: Q4FY23 Result Update
21-04-2023

The country's largest private sector lender HDFC Bank’s Q4FY23 PAT came in at Rs. 12,050 Cr, up 19.8% YoY but down 1.7% QoQ. NII grew 24% YoY while NII growth for FY23 averaged 20.4% vs 11% for FY22. Profitability thereby was stable with FY23 RoE at 17.4% vs FY22 RoE at 16.9%.

Overall muted results with higher than expected operating expenses.

 

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