HDFC BANK LIMITED
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2009
(Rs. in lacs)
Quarter ended Quarter ended Year ended
Particulars
30.06.2009 30.06.2008 31.03.2009
Unaudited Unaudited Audited
1 Interest Earned (a)+(b)+(c)+(d) 409310 362173 1633227
a) Interest/discount on advances/bills 301775 263638 1213675
b) Income on Investments 103344 95121 400796
c) Interest on balances with Reserve
Bank of India and other inter bank funds 3551 2426 18426
d) Others 640 988 330
2 Other Income 104365 59342 329061
3 A) TOTAL INCOME (1) + (2) 513675 421515 1962288
4 Interest Expended 223752 189826 891110
5 Operating Expenses (i) + (ii) 138058 128938 553282
i) Employees cost 55934 54058 223820
ii) Other operating expenses 82124 74880 329462
B) TOTAL EXPENDITURE (4) + (5)
6
(excluding Provisions & Contingencies) 361810 318764 1444392
7 Operating Profit before Provisions and Contingencies (3) - (6) 151865 102751 517896
8 Provisions (Other than tax) and Contingencies 65882 34447 187970
9 Exceptional Items - - -
10 Profit / (Loss) from ordinary activities before tax (7-8-9) 85983 68304 329926
11 Tax Expense 25372 21869 105431
12 Net Profit / (Loss) from Ordinary Activities after tax (10-11) 60611 46435 224495
13 Extraordinary items (net of tax expense) - - -
14 Net Profit / (Loss) (12-13) 60611 46435 224495
15 Paid up equity share capital (Face Value of Rs.10/- each) 42618 42462 42538
Reserves excluding revaluation reserves (as per balance sheet of
16
previous accounting year) 1422095
17 Analytical Ratios
(i) Percentage of shares held by Government of India Nil Nil Nil
(ii) Capital Adequacy Ratio 15.4% 12.2% 15.7%
(iii) Earnings per share (Rs.)
(a) Basic EPS before & after extraordinary items
(net of tax expense) -not annualized 14.2 11.0 52.9
(b) Diluted EPS before & after extraordinary items
(net of tax expense) -not annualized 14.1 10.8 52.6
(iv) NPA Ratios
(a) Gross NPA 216345 150274 198807
(b) Net NPA 65646 49607 62762
(c) % of Gross NPA to Gross Advances 2.05% 1.54% 1.98%
(d) % of Net NPA to Net Advances 0.6% 0.5% 0.6%
(v) Return on assets (average) - not annualized 0.3% 0.3% 1.3%
18 Public Shareholding
- No. of shares 343740266 342173776 342941109
- Percentage of Shareholding 80.7% 80.6% 80.6%
19 Promoters and Promoter Group Shareholding
(a) Pledged / Encumbered
- No. of shares - - -
- Percentage of Shares (as a % of the total shareholding of promoter
and promoter group) - - -
- Percentage of Shares (as a % of the total share capital of the
Company) - - -
(b) Non - encumbered
- No. of shares 82443000 82443000 82443000
- Percentage of Shares (as a % of the total shareholding of promoter
and promoter group) 100.0% 100.0% 100.0%
- Percentage of Shares (as a % of the total share capital of the
Company) 19.3% 19.4% 19.4%
Segment information in accordance with the Accounting Standard on Segment Reporting (AS 17) of the operating segments of the Bank
is as under:
(Rs. in lacs)
Quarter ended Quarter ended Year ended
Particulars
30.06.2009 30.06.2008 31.03.2009
Unaudited Unaudited Audited
1 Segment Revenue
a) Treasury 137569 105165 491701
b) Retail Banking 384334 327291 1488083
c) Wholesale Banking 211508 239154 1060584
d) Other banking operations 54246 39110 214604
e) Unallocated - 351 351
Total 787657 711071 3255323
Less: Inter Segmental Revenue 273982 289556 1293035
Income from Operations 513675 421515 1962288
2 Segment Results
a) Treasury 40415 4350 48818
b) Retail Banking 14379 30600 126893
c) Wholesale Banking 37970 34223 124226
d) Other banking operations 7429 6378 63551
e) Unallocated (14210) (7247) (33562)
Total Profit Before Tax 85983 68304 329926
3 Capital Employed
(Segment Assets - Segment Liabilities)
a) Treasury 5937352 4603013 6369467
b) Retail Banking (3898529) (3060561) (3432730)
c) Wholesale Banking (224274) (209018) (1227185)
d) Other banking operations 380991 353746 392407
e) Unallocated (2195540) (1687180) (2101959)
Total - - -
Business Segments have been identified and reported taking into account, the target customer profile, the nature of products and
services, the differing risks and returns, the organization structure, the internal business reporting system and the guidelines prescribed
by RBI.
Geographic Segments
Since the Bank does not have material earnings emanating outside India, the Bank is considered to operate in only the domestic
segment.
Notes :
1 The above results have been approved by the Board at its meeting held on July 14, 2009.
2 During the quarter ended June 30, 2009, the Bank allotted 799,157 shares pursuant to the exercise of stock options by certain
employees.
3 The Bank adopted the Basel 2 framework as of March 31, 2009. Accordingly the capital adequacy ratio (CAR) for June 30, 2009 and
March 31, 2009 is as per Basel 2 framework and for June 30, 2008 is as per the Basel 1 framework.
4 Other income relates to income from non-fund based banking activities including commission, fees, foreign exchange earnings,
earnings from derivative transactions and profit and loss (including revaluation) from investments.
5 As on June 30, 2009, the total number of branches (including extension counters) and the ATM network stood at 1,416 branches
and 3,382 ATMs respectively.
6 Information on investor complaints pursuant to Clause 41 of the listing agreement for the quarter ended June 30, 2009:
Opening : nil ; Additions : 255 ; Disposals : 255 ; Closing position : nil.
7 These results for the quarter ended June 30, 2009, have been subjected to a "Limited Review" by the Statutory Auditors of the
Bank.
8 Figures of the previous period have been regrouped/reclassified wherever necessary to conform to current period's classification.
9 Rs. 10 lac = Rs. 1 million
Rs. 10 million = Rs. 1 crore
Place : Mumbai Aditya Puri
Date : July 14, 2009 Managing Director
(Rs. in lacs)
Summarised Balance Sheet As at As at
30.06.2009 30.06.2008
CAPITAL AND LIABILITIES
Capital 42618 42462
Equity Share Warrants 40092 40092
Reserves and Surplus 1488879 1289326
Employees' Stock Options (Grants) Outstanding 535 735
Deposits 14573244 13091759
Borrowings 304915 666350
Other Liabilities and Provisions* 2161222 1729144
Total 18611505 16859868
ASSETS
Cash and balances with Reserve Bank of India 1181227 1581384
Balances with Banks and Money at Call and Short notice 186630 270119
Investments 6031075 4568491
Advances 10378519 9679687
Fixed Assets 196629 149819
Other Assets 637425 610368
Total 18611505 16859868
*Includes subordinated debt and unsecured non-convertible subordinated perpetual bonds of Rs. 638315 lacs
as on June 30, 2009 (previous year: Rs. 352595 lacs).