New Delhi: The shares of HDFC Bank and Hindustan Unilever Limited (HUL) will be in focus on January 23, 2025 (Thursday). The country’s largest private sector lender and FMCJ major decree their Q3 Results 2024-25 on Wednesday. In its October-December quarterly results, HDFC Bank posted a marginal rise in its profit while HUL stated that its Q3 net profit went up 19.18 per cent.
HDFC Bank share price closed with nearly 2 per cent gains at Rs 1,671.90 on January 22, 2025. The banking stock has jumped around 17 per cent in the last one year. Hindustan Level shares settled marginally down at Rs 2,340. It touched its all time high in September 2024 to Rs 3028.55 apiece.
HDFC Bank Q3 Results
In its third quarter results of 2024-25, HDFC Bank reported a marginal 2 per cent increase in its standalone net profit to Rs 16,736 crore as against Rs 16,373 crore in the corresponding quarter of 2023-24.
The lender mentioned that its total income on a standalone basis went up to Rs 87,460 crore in Q3 of the current fiscal, while it was Rs 81,720 crore in the corresponding quarter of the previous fiscal year.
In a regulatory filing, HDFC Bank stated that its profit recorded a marginal improvement to Rs 17,657 crore from Rs 17,258 crore. The lender said its consolidated total income dropped to Rs 1,12,194 crore from Rs 1,15,016 crore.
HUL Q3 Results
In good news for the FMCG sector, Hindustan Unilever posted a 19.18 per cent rise in consolidated net profit at Rs 2,989 crore in the third quarter of 2024-25. The company confirmed that it has finalised plans to acquire 90.5 per cent shareholding of Uprising Science Pvt Ltd — the firm behind the premium beauty brand Minimalist.
In its regulatory filing, the FMCG major mentioned that its board gave the green signal for the demerger of its ice cream business into Kwality Wall’s (India) Ltd.
The company’s consolidated total income stood at Rs 16,050 crore in the October-December quarter of 2024-25. It was Rs 15,781 crore in the same quarter of the previous fiscal. The total expenses were higher at Rs 12,576 crore, while it was Rs 12,305 crore in the third quarter of the previous year.
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