HDFC Bank has clarified that its Q2FY24 results will be declared on Monday, October 16, 2023. This announcement comes after some confusion regarding the result date due to a board of directors meeting scheduled from October 15 to 16, 2023. The bank Informed the Indian stock market that it would consider and approve unaudited financial results during this meeting. The financial results will be presented to the board of directors on October 16, 2023, for their approval. Therefore, the HDFC Bank Q2 2023 results will officially be declared on Monday, October 16, 2023.
In the previous quarter (Q1FY24), HDFC Bank reported strong results with a standalone net profit of ₹11,951.7 crore, marking a 30% growth compared to the same period last year. The bank’s net interest income (NII) for Q1FY24 increased by 21.1% to ₹23,599.1 crore year-on-year. Additionally, HDFC Bank’s provisions and contingencies for the quarter ended June 30, 2023, were at ₹2,860 crore, down from ₹3,188 crore in the previous year.
Investors and those interested in HDFC Bank’s financial performance should mark their calendars for Monday, October 16, 2023, to stay updated on the Q2FY24 results.
Investors and stakeholders eagerly await HDFC Bank’s Q2FY24 results, which are now officially scheduled for release on Monday, October 16, 2023. This announcement provides clarity and eliminates confusion surrounding the result date. Building on its impressive Q1FY24 performance, where the bank demonstrated substantial growth, all eyes will be on HDFC Bank as it prepares to disclose its financial health for the second quarter of the fiscal year 2023. This announcement sets the stage for investors and market observers to closely monitor the bank’s financial performance and its impact on the financial sector in India.