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Business Upturn
a day ago
- Business
- Business Upturn
HDFC Bank shares jump over 2% as Q1 net profit jumps 12% YoY to Rs 18,155 crore; declares 1:1 bonus and Rs 5 special dividend
HDFC Bank shares were in the spotlight today, rising more than 2% after the country's largest private-sector lender posted a strong set of numbers for the quarter ended June 2025. As of 9:22 AM, the shares were trading 1.40% higher at Rs 1,984.80. The bank reported a net profit of ₹18,155 crore, marking a 12.2% jump from ₹16,174 crore in the same period last year. Its core income—net interest income (NII)—also saw a steady 5.37% rise year-on-year to ₹31,438 crore, up from ₹29,837 crore. That said, there was a mild dip in asset quality. Gross NPA edged up to 1.44% from 1.33% in the previous quarter, while net NPA increased slightly to 0.47% from 0.43%. To reward shareholders, HDFC Bank announced a special interim dividend of ₹5 per share for FY26. The record date is July 25, and the dividend will be paid on August 11. In another major announcement, the bank also approved a 1:1 bonus issue, meaning shareholders will get one bonus share for every share they hold. The record date for this is August 27, and shares are likely to be credited on or before September 18. This move will double the bank's paid-up share capital to over ₹1,533 crore, with 76.68 crore equity shares being issued from the Securities Premium Account. Brokerage Views Brokerages remain bullish on HDFC Bank following its Q1 show: Bernstein has a Buy rating with a target price of ₹2,300 – an 18% upside from the current market price of ₹1,956. Nuvama has a Buy call as well, with a price target of ₹2,270. Nomura also remains positive, setting a target of ₹2,190. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
a day ago
- Business
- Business Upturn
HDFC Bank Q1 Results: Shares in focus as net profit jumps 12% YoY to Rs 18,155 crore
HDFC Bank shares are in focus today after the private sector lender reported a strong set of numbers for the quarter ended June 30, 2025. The bank posted a net profit of ₹18,155 crore, marking a 12.2% increase from ₹16,174 crore reported in the same quarter last year. Net interest income (NII), the bank's core income, rose 5.37% year-on-year to ₹31,438 crore, compared to ₹29,837 crore in Q1 FY25. However, on the asset quality front, there was a slight sequential deterioration. The bank's gross non-performing assets (GNPA) rose to 1.44% of total advances, up from 1.33% in the previous quarter. Net NPA also edged up to 0.47% from 0.43%. In a move to reward shareholders, HDFC Bank declared a special interim dividend of ₹5 per equity share of face value ₹1 (i.e., 500%) for FY26. The record date for determining eligible shareholders is Friday, July 25, and the dividend will be paid on Monday, August 11. Additionally, the bank announced a 1:1 bonus issue — shareholders will receive one bonus share for every share held. The record date for the bonus is Wednesday, August 27, and shares are expected to be credited by or before September 18. Around 76.68 crore equity shares will be issued from the Securities Premium Account, doubling the bank's paid-up share capital to over ₹1,533 crore. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
3 days ago
- Business
- Business Upturn
HDFC Bank announces 1:1 bonus issue, record date set for August 27
By Aditya Bhagchandani Published on July 19, 2025, 15:12 IST HDFC Bank has announced a bonus issue of equity shares in the ratio of 1:1 — meaning shareholders will receive one additional fully-paid equity share of ₹1 each for every share they hold as of the record date. The bank's Board of Directors approved the bonus issue at its meeting held on July 19, 2025. The bonus shares will be issued out of the Securities Premium Account as of June 30, 2025. The record date for determining eligibility for the bonus issue is Wednesday, August 27, 2025. The bonus shares are expected to be credited or dispatched within two months of the board's approval, on or before September 18, 2025. Post-issue, the bank's issued, subscribed, and paid-up share capital will double from approximately ₹767 crore to over ₹1,533 crore, reflecting the increased number of equity shares. According to the bank's filing, approximately 76.68 crore equity shares of ₹1 each will be issued as bonus shares, though the exact number may vary slightly due to stock options or restricted stock units exercised before the record date. The bonus issue is subject to statutory and regulatory approvals, as well as shareholder approval via a postal ballot. This move reflects HDFC Bank's confidence in its financial strength and aims to enhance liquidity and investor participation in its stock. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
