HDFC Bank Q3 profit rises 2% YoY to Rs 16,736 cr

Mumbai: India’s biggest private lender, on Wednesday reported a standalone net profit of Rs 16,735.5 crore for the October-December quarter (Q3) of the current financial year (FY25).

This was a 2.2 per cent year-on-year (Y-o-Y) growth over Rs 16,372.5 crore profit reported in Q3FY24.

Sequentially, the profit slipped marginally from Rs 16,820.9 crore.

On the bourses, HDFC Bank share price recovered sharply from the day’s low after the announcement of Q3 results as the bottomline was better than Street estimates.

At the top end of the estimate, analysts estimated HDFC Bank’s Q3 profit growth to rise up to 2 per cent Y-o-Y. In fact, they expected the PAT to drop up to 6 per cent quarter-on-quarter (Q-o-Q).