HDFC Bank posts in-line Q3 profit on higher net interest income

HDFC Bank on Wednesday (January 22, 2025) reported third-quarter profit largely in-line with analysts’ estimates, helped by an increase in net interest income (NII).

The country’s biggest private lender posted a standalone net profit of 167.36 billion rupees ($1.94 billion) for the quarter ended Dec. 31., down about 0.5% from the previous quarter.

Analysts, on average, expected a profit of 167.48 billion rupees, according to data compiled by LSEG.