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FINANCIAL RESULTS (INDIAN GAAP) FOR THE QUARTER AND YEAR ENDED MARCH 31, 2024

The Board of Directors of HDFC Bank Limited approved the Bank’s (Indian GAAP) results for the quarter and year ended March 31, 2024, at its meeting held in Mumbai on

Published

on

Saturday, April 20, 2024 The accounts have been subjected to an audit by the statutory
auditors of the Bank.

CONSOLIDATED FINANCIAL RESULTS:
The Bank’s consolidated net revenue grew by 133.6% to ₹ 807.0 billion for the quarter
ended March 31, 2024 from ₹ 345.5 billion for the quarter ended March 31, 2023. The
consolidated profit after tax for the quarter ended March 31, 2024 was ₹ 176.2 billion, up
39.9%, over the quarter ended March 31, 2023.

Earnings per share for the quarter ended
March 31, 2024 was ₹ 23.2 and book value per share as of March 31, 2024 was ₹ 600.8.
The consolidated profit after tax for the year ended March 31, 2024 was ₹ 640.6 billion,
up 39.3%, over the year ended March 31, 2023.

STANDALONE FINANCIAL RESULTS:
Profit & Loss Account: Quarter ended March 31, 2024
The Bank’s net revenue grew by 47.3% to ₹ 472.4 billion (including transaction gains of
₹ 73.4 billion from stake sale in subsidiary HDFC Credila Financial Services Ltd) for the
quarter ended March 31, 2024 from ₹ 320.8 billion for the quarter ended March 31, 2023.

Net interest income (interest earned less interest expended) for the quarter ended March
31, 2024 grew by 24.5% to ₹ 290.8 billion from ₹ 233.5 billion for the quarter ended March 31, 2023.

Core net interest margin was at 3.44% on total assets, and 3.63% based on
interest earning assets.

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