Net profit of HDFC Bank rose 22.63% to Rs 5885.12 crore in the quarter ended March 2019 as against Rs 4799.28 crore during the previous quarter ended March 2018. Total Operating Income rose 23.51% to Rs 26333.25 crore in the quarter ended March 2019 as against Rs 21321.08 crore during the previous quarter ended March 2018.

For the full year,net profit rose 20.54% to Rs 21078.14 crore in the year ended March 2019 as against Rs 17486.75 crore during the previous year ended March 2018. Total Operating Income rose 23.34% to Rs 98972.05 crore in the year ended March 2019 as against Rs 80241.35 crore during the previous year ended March 2018.

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The result was announced on Saturday, 20 April 2019.

Meanwhile, the S&P BSE Sensex was down 251.52 points, or 0.64% to 38,888.76.

On the BSE, 89,000 shares were traded in the counter so far compared with average daily volumes of 3.71 lakh shares in the past two weeks. The stock had hit a high of Rs 2330 and a low of Rs 2280 so far during the day. The stock hit a 52-week high of Rs 2,332.35 on 1 April 2019. The stock hit a 52-week low of Rs 1,884.40 on 31 October 2018.

The bank's gross non-performing assets (NPAs) stood at Rs 11,224.16 crore as on 31 March 2019 as against Rs 10,902.86 crore as on 31 December 2018 and Rs 8,606.97 crore as on 31 March 2018.

The ratio of gross NPAs to gross advances stood at 1.36% as on 31 March 2019 as against 1.38% as on 31 December 2018 and 1.30% as on 31 March 2018.

The ratio of net NPAs to net advances stood at 0.39% as on 31 March 2019 as against 0.42% as on 31 December 2018 and 0.40% as on 31 March 2018..

The bank's provisions and contingencies rose 22.59% to Rs 1,889.22 crore in Q4 March 2019 over Q4 March 2018.

HDFC Bank said that its board of directors has approved the issue of perpetual debt instruments (part of Additional Tier I capital), Tier II capital bonds and long term bonds (financing of infrastructure and affordable housing) up to a total amount of up to a total amount of Rs 50,000 crore in the period of next twelve months through private placement mode, subject to the approval of the shareholders at the ensuing annual general meeting of the bank and any other regulatory approvals as applicable.

HDFC Bank caters to a wide range of banking services covering commercial and investment banking on the wholesale side and transactional / branch banking on the retail side.

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Dixon Technologies (India) Ltd, Indiabulls Real Estate Ltd, GE Power India Ltd, Dishman Carbogen Amcis Ltd are among the other stocks to see a surge in volumes on NSE today, 10 April 2019.

HDFC Bank Ltd clocked volume of 245.86 lakh shares by 14:19 IST on NSE, a 9.37 times surge over two-week average daily volume of 26.24 lakh shares. The stock lost 2.07% to Rs.2,240.00. Volumes stood at 26.94 lakh shares in the last session.

Dixon Technologies (India) Ltd saw volume of 32232 shares by 14:19 IST on NSE, a 8.35 fold spurt over two-week average daily volume of 3859 shares. The stock increased 0.51% to Rs.2,395.10. Volumes stood at 1990 shares in the last session.

Indiabulls Real Estate Ltd saw volume of 332.18 lakh shares by 14:19 IST on NSE, a 4.37 fold spurt over two-week average daily volume of 76.07 lakh shares. The stock increased 10.49% to Rs.119.00. Volumes stood at 289.94 lakh shares in the last session.

GE Power India Ltd saw volume of 33821 shares by 14:19 IST on NSE, a 3.94 fold spurt over two-week average daily volume of 8586 shares. The stock increased 2.23% to Rs.870.00. Volumes stood at 6073 shares in the last session.

Dishman Carbogen Amcis Ltd notched up volume of 4.92 lakh shares by 14:19 IST on NSE, a 3.71 fold spurt over two-week average daily volume of 1.32 lakh shares. The stock rose 1.55% to Rs.232.65. Volumes stood at 43621 shares in the last session.

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HDFC Bank has allotted 1358838 equity shares to the employees of the flank pursuant to exercise of options under its Employees Stock OptionsSchemes (ESOS).

The paid up share capital of the Bank will accordingly increase from Rs. 5443895544 equity shares of Rs 2/- each to Rs. 5446613220 equity shares.of Rs 2/- each.

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