HDFC Bank Q1 Results 2024 Date and Time
The anticipation is building as HDFC Bank gears up to release its unaudited standalone and consolidated financial statements for the quarter ending June 30, 2024. The date is set for Saturday, July 20, 2024, with the announcement expected to come after market hours, around 3:30 PM. Investors and analysts alike are eagerly awaiting the results to gauge the bank’s performance and outlook for the upcoming quarter.
As per SEBI regulations, the trading window for dealing in HDFC Bank securities will be closed for designated employees, directors, etc., from June 24, 2024, to July 22, 2024, inclusive. This is to prevent any insider trading or manipulation of the stock price based on privileged information.
For those looking to access the HDFC Bank Q1 results, there are several sources to consider. The official website of HDFC Bank typically publishes its quarterly results in the Investor Relations section. Additionally, results are filed with stock exchanges like the BSE and NSE, and financial news websites like Financial Express.com provide summaries and analysis of company results. Research firms and brokerage houses may also publish detailed reports on HDFC Bank’s financial performance post-announcement.
Leading up to the announcement, shares of HDFC Bank on the BSE saw a slight decline on Friday, July 19. The stock was trading at Rs 1605.95 per share, with a market capitalization of Rs 12.22 lakh crore. Analysts are projecting a 34.5% year-on-year increase in net profit for Q1FY25, with net interest income (NII) expected to grow by 26.7% year-on-year.
In the previous quarter, HDFC Bank reported a standalone net profit of Rs 16,512 crore for Q4FY24, indicating a strategic shift towards slower growth to align margins and key ratios. The bank’s gross non-performing assets (NPAs) ratio also showed a slight improvement, standing at 1.24% as of March.
With expectations running high for HDFC Bank’s Q1 results, investors and stakeholders are eagerly awaiting the announcement to gain insights into the bank’s financial performance and strategic direction moving forward. Stay tuned for the latest updates on HDFC Bank’s Q1 results on July 20, 2024.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The content is based on general research and may not be accurate, reliable, or up-to-date. Before making any financial decisions, it is recommended to consult with a professional financial advisor or conduct thorough research to verify the accuracy of the information presented. The author and publisher disclaim any liability for any financial losses or damages incurred as a result of relying on the information provided in this article. Readers are encouraged to independently verify the facts and information before making any financial decisions.