Analysts had on average expected a net profit of Rs 4,766 crore for the bank.Mumbai: HDFC Bank Ltd posted a 18.2 per cent rise in first-quarter profit on Saturday on higher interest and fee income, though it missed analysts' estimates.
Net profit rose to Rs 4,601 crore ($669.43 million) for the quarter ended June 30, from Rs 3,894 crore a year ago, India's second-biggest lender by assets said in a statement.Analysts had on average expected a net profit of Rs 4,766 crore for the bank that has the highest market capitalisation in the sector at nearly $85 billion, according to Thomson Reuters data.Gross bad loans as a percentage of total loans stood at 1.33 per cent at end-June, versus 1.3 per cent at end-March.
Thomson Reuters 2018