HDB Financials Released its Financials for Q2 FY24

17 October 2023

The company announced its financials for Q2 FY24. The revenue of the company increased by 15.4% from Rs 3,047.8 Cr in Q2 FY23 to Rs 3,515.7 Cr in Q2 FY24. The net profit of the company increased by 27.5% from Rs 471.1 Cr in Q2 FY23 to Rs 600.8 Cr in Q2 FY24. The Capital Adequacy Ratio of the company remained in line with slightly downward biases from 20.8% in Q2 FY23 to 19.4% in Q2 FY24. The liquidity ratio of the company decreased by 63.9% from 382.0% in Q2 FY23 to 138.0% in Q2 FY24