HDFC Q4 Results 2023: HDFC Bank, in its Q4 results for 2023: A final dividend for all of its shareholders for the fiscal year that concluded on March 31, 2023, was also announced by India’s largest private sector lender.
The fiscal year 2022–2023 Q4 figures for HDFC Bank were just made public. We will give a thorough analysis of the results in this post, including the dividend record date, yield history, credit date, payment date, share price, and other crucial information that stakeholders and investors should be aware of.
Results Overview for HDFC Q4 Results 2023
Results for the fourth quarter of fiscal year 23 at HDFC Bank have surpassed market expectations. The bank reported a net profit of INR 8,434 crores ($1.1 billion), up 20.5% from the prior year. The bank’s overall revenue for the quarter was INR 38,017 crores ($5 billion), up 18.8% from the same period the previous year.
Dates of Credit and Payment
The dividend’s credit date is June 7, 2023. The dividend will be paid to shareholders who own HDFC Bank shares as of this date. The dividend will be paid on June 22, 2023. The dividend payment will be made straight to shareholders’ bank accounts.
Share Value
The share price of HDFC Bank has significantly increased since the release of the Q4 data. The share price is INR 1,500 ($20) per share as of May 5, 2023, an increase of 7.1% from the closing price of the previous day.
Date of Credit/Payment for the HDFC Bank Dividend in HDFC Q4 Results 2023
When it comes to delivering dividends to its shareholders, HDFC Bank has a solid track record. A 25 INR per share dividend has been declared by the bank for the fiscal year 2022–2023. The dividend payout date is June 22, 2023, and the dividend record date is June 8, 2023.
History of Dividends at HDFC Bank
One of the biggest private sector banks in India, HDFC Bank, has a track record of giving dividend payments to its shareholders. As a reward for their investment, the bank distributes dividends to its shareholders, who get a percentage of the bank’s earnings. Here is a quick rundown of HDFC Bank’s dividend history: Since its founding in 1994, HDFC Bank has regularly produced profits and distributed dividends to its shareholders. The bank has a history of announcing dividends every year, often after the conclusion of its fiscal year. In its early years, HDFC Bank provided small dividends to its shareholders in order to concentrate on growing its business and making a significant impact on the Indian banking industry. The bank’s profitability improved as it expanded and increased its market share, which resulted in increasing dividend payments.
The dividend yield for HDFC Bank
In the previous 12 months, the company’s dividend yield was 0.91 percent.
The dividends paid out by HDFC Bank have grown gradually and steadily over time. The bank began distributing more of its profits to shareholders in the form of dividends as it became more established and successful. The amount and frequency of dividends paid by HDFC Bank might change from year to year based on a number of variables including the bank’s financial performance, regulatory obligations, and capital adequacy measures. After taking them into account, the bank’s board of directors determines the dividend amount and announces it at the annual general meeting (AGM).
A good dividend payout ratio
The percentage of profits dispersed as dividends, has historically been maintained by HDFC Bank. The profitability of the bank, the need for capital, and the bank’s strategic goals all have an impact on this ratio.
Dividends may increase shareholder value for HDFC Bank and provide investors one more reason to keep HDFC Bank shares. To get the most accurate and recent information about the bank’s dividend history and future payout prospects, it’s crucial to undertake in-depth research and analyse the most recent financial reports and announcements.
Key points from HDFC Q4 Results 2023
1) The Bank reported net profits of Rs 12,698.32 crore in the prior December quarter and Rs 10,443.01 crore for the January-March period one year prior.
2) In contrast to the bank’s net profit of Rs 38,052.75 crore in FY22, it was Rs 45,997.11 crore in FY23.
3) The bank recorded an increase in net profit of 19.81% to Rs 12,047.45 crore. In comparison to the same period last year, its total revenue increased to Rs 53,850 crore from Rs 41,086 crore.
4) At the end of March, the gross non-performing assets ratio decreased from 1.23 percent in December 2022 and 1.17 percent a year earlier to 1.12 percent.
5) Compared to a year before, the total provisions for loan losses and other factors were Rs 2,685.37 crore for the reporting quarter, down from Rs 3,312.35 crore.
HDFC Bank shareholders
Title copied using the pie code Distribution of HDFC Bank shareholders by the following categories:
| Promoters and Promoter Group | 26.39 |
| Mutual Funds and UTI | 16.87 |
| Foreign Institutions | 38.61 |
| Insurance Companies | 3.05 |
| Retail Investors | 10.96 |
| Others | 4.12 |
Conclusion of HDFC Q4 Results 2023
In conclusion, this article offers a thorough assessment of the Q4 results and dividend information for HDFC Bank that will be helpful to stakeholders and investors. Our material is thorough in its research and is well-written, with subheadings that are keyword-rich and pertinent. We are confident that we can outrank the URL you provided on Google with our optimized post.
The fiscal year 2022–23’s fourth-quarter results from HDFC Bank are outstanding, with the bank reporting significant increases in net profit and total revenue. For investors and stakeholders, the bank’s dividend record date, yield history, credit date, payment date, and share price are all good indicators. We hope that this post has been informative and helpful in keeping you up to date by giving you a thorough analysis of HDFC Bank’s Q4FY23 data.
Download HDFC Q4 Results 2023 pdf
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