Sunday, July 20, 2025
HomeBusinessHDFC Bank approves its first-ever bonus share; special dividend of ₹5 per...

HDFC Bank approves its first-ever bonus share; special dividend of ₹5 per share


The overall provisions jumped to ₹14,442 crore from ₹2,602 crore in the year-ago period, the bank said, adding that this includes a floating provision of ₹9,000 crore. File
| Photo Credit: Reuters

HDFC Bank on Saturday (July 19, 2025) posted a 1.31% decline in its consolidated net profit to ₹16,258 crore for the June 2025 quarter.

The lender had reported a net profit of ₹16,475 crore in the year-ago period.

On a standalone basis, the country’s largest private sector lender reported a net profit of ₹18,155 crore for the reporting quarter, up from ₹16,174 crore a year ago.

Its total income jumped to ₹99,200 crore in the June quarter from ₹83,701 crore in the year-ago period.

The total expenditure stood at ₹63,467 crore against ₹59,817 crore in the same period of the preceding fiscal year, as per an exchange filing.

The net interest margin narrowed to 3.35% from 3.46% in the preceding quarter, it said.

The overall provisions jumped to ₹14,442 crore from ₹2,602 crore in the year-ago period, the bank said, adding that this includes a floating provision of ₹9,000 crore.

The private lender also approved its first-ever bonus share issue on Saturday (July 19, 2025), meaning each of its shareholders will be eligible to receive an extra bonus share for every share held. The date of issuance is still to be determined, the bank said.

In a bonus issue, a company distributes additional stock to shareholders as a proportion of their holdings at no cost. It is typically a sign of confidence in financial performance and growth trajectory.

The board has also approved a special dividend of 5 rupees per share.

 ($1 = ₹86.1450)



Source link

RELATED ARTICLES

Most Popular

Recent Comments