New Delhi: Many IT and banks have released the results of the second quarter of the current financial year. Today, the country's largest banks HDFC Bank and Kotak Mahindra Bank have released the results (Q2 Result) for the July to September quarter. The impact of the quarterly results released by the bank will also be seen on the bank's shares.

HDFC Bank Quarterly Result (HDFC Bank Q2 Result)

In the July-September quarter, HDFC Bank's standalone profit grew 5% to Rs 16,821 crore. Whereas, in the same quarter a year ago, the bank had a total profit of Rs 15,976 crore. If we talk about the bank's income, it rose to Rs 85,500 crore this quarter from Rs 78,406 crore in the same quarter a year ago.

According to the stock filing, the bank earned an interest income of Rs 74,017 crore in the second quarter of the current financial year, which was Rs 67,698 crore in the second quarter of the previous year. The bank's net interest income (NII) has also improved this quarter. In the September quarter, the bank's NII was Rs 30,110 crore, which was Rs 27,390 crore in the same quarter of the previous financial year. This means that the bank's NII growth has been 10 percent.

The bank gave information about its non-performing assets. In the September quarter, the bank's NPA increased by 1.36 percent, which was 1.34 percent in the same quarter a year ago. This NPA is of good loans. At the same time, the NPA of bad loans has become 0.41 percent. Consolidated growth of the bank's logged growth increased by 6 percent to Rs 17,826 crore.

HDFC Bank shares

HDFC Bank shares closed in the green on 18 October 2024. The bank's shares rose by Rs 11.65 or 0.70 per cent to close at Rs 1,684.80 per share. Talking about the stock performance of the bank, the stock has given a return of 11.21 percent in the last one year. At the same time, the bank's shares have risen by 10.02 percent since April.

Kotak Mahindra Bank Q2 Result

Kotak Mahindra Bank's net profit in the July-September quarter rose 5 percent to Rs 3,344 crore, from Rs 3,191 crore a year ago. The bank's total income was Rs 15,900 crore, compared to Rs 13,507 crore in the same quarter last year.

The bank told the stock market that its interest income stood at Rs 13,216 crore in the September quarter, which was Rs 11,193 crore in the second quarter of the financial year 2023-24. Apart from this, the net interest income of the bank was also Rs 7,020 crore this quarter. The bank's NPA stood at 1.49 per cent in gross loans and 0.43 per cent in bad loans.

Shares of Kotak Mahindra Bank

On Friday, Kotak Mahindra Bank shares rose 0.42 percent to close at Rs 1,871.85 per share. The bank's stock has given a return of 7.67 percent in the last one year and 4.42 percent in the last six months.