HDFC Bank announces Q1 results

HDFC Bank Ltd has announced the following unaudited results for the quarter ended June 30, 2007:

The Bank has posted a net profit of Rs 3212.30 million for the quarter ended June 30, 2007 as compared to Rs 2393.00 million for the quarter ended June 30, 2006. Total Income has increased from Rs 17952.10 million for the quarter ended June 30, 2006 to Rs 26417.00 million for the quarter ended June 30, 2007.

The stock closed at 1151 down 16 ( 1.5% ) following its results.