HDFC Bank Q2 Net Profit Grows 20% To ₹10,605 Crore; Avenue Supermarts' Net Q2 Profit Jumps 29%

HDFC Bank reported a net profit of Rs 10,605 crore for the quarter ended September 2022, an increase of 20. 1% over the year-ago period. The consolidated net profit for the latest quarter was Rs 11,125 crore, up 22. 3% over the quarter ended September 30, 2021.

Meanwhile, Avenue Supermart on Friday announced its quarterly results for recently ended September 2022 quarter. On account of decrease in its expenses (both QoQ and YoY), the company has reported near 29 per cent jump in net profit after tax. In Q2FY23, company's net profit after tax stands at ₹730.48 crore against ₹564.03 crore in Q2FY22.

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