HDFC Bank: 2008 Q2 results

The Bank has posted a net profit of Rs 5279.80 million for the quarter ended September 30, 2008 where as the same was at Rs 3684.80 million for the quarter ended September 30, 2007. Total Income is Rs 46343.20 million for the quarter ended September 30, 2008 where as the same was at Rs 28451.40 million for the quarter ended September 30, 2007.

Interesting to note that inspite of hike in CRR and repo rate, the bank has still managed to post an increase in profit of over 40%. Latest P/E ratio of HDFC Bank (at price of Rs. 1077) is about 27.7