HDFC Bank on Saturday reported a 1.31% decline in consolidated net profit to Rs 16,258 crore for the June 2025 quarter, down from Rs 16,475 crore in the year-ago period, according to a regulatory filing.On a standalone basis, however, the country’s largest private sector lender posted a net profit of Rs 18,155 crore, compared with Rs 16,174 crore a year earlier, PTI reported.Total income for the quarter rose to Rs 99,200 crore from Rs 83,701 crore in the same period last year. Total expenditure increased to Rs 63,467 crore, against Rs 59,817 crore in the June quarter of FY25.The bank’s net interest margin narrowed to 3.35% during the first quarter, from 3.46% in the corresponding period last year.Provisioning saw a sharp rise, with total provisions jumping to Rs 14,442 crore compared to Rs 2,602 crore a year earlier. This includes a floating provision of Rs 9,000 crore, the bank said.Asset quality deteriorated slightly, with the gross non-performing asset (GNPA) ratio rising to 1.4% as of June 30, from 1.33% at the end of the March quarter.
