HDFC Bank Q3FY25 Results: Profit Rises 2.2%

Stocks in News: HDFC Bank, India’s largest private lender, has released its Q3FY25 results, showcasing impressive financial performance that largely aligned with market expectations. On a consolidated basis, the lender’s net revenue stood at Rs 652.8 billion, while net profit reached Rs 176.6 billion.

Here’s a detailed breakdown of the key financial metrics.

HDFC Bank Q3FY25 Financial Highlights (Standalone)

Net Revenue Growth

Net revenue increased by 6% YoY, reaching Rs 421.1 billion, compared to Rs 396.1 billion in the year-ago quarter.

Net Profit Growth

The lender’s net profit rose by 2% YoY to Rs 167.36 billion, slightly exceeding market expectations. This is an increase from Rs 163.72 billion in the corresponding quarter of the previous year.

Net Interest Income (NII)

HDFC Bank reported a Net Interest Income of Rs 306.5 billion, marking an 8% YoY increase compared to Rs 286.7 billion in the same quarter last year. This performance was in line with street estimates.

Net Interest Margin (NIM)

Core NIM on total assets: 3.43%
NIM on Interest-Earning Assets: 3.62%

Provisions

Provisions & Contingencies for the quarter stood at Rs 31.5 billion, significantly lower than Rs 42.2 billion in the same quarter last year.

Non-Performing Assets (NPAs)

Gross NPAs: Increased to 1.42% from 1.36% in the previous quarter
Net NPAs: Increased slightly to 0.46% from 0.41% in the prior quarter

Balance Sheet Metrics

Total Balance Sheet Size: Rs 37,590 billion (up from Rs 34,926 billion YoY)
Average Deposits: Grew by 16% YoY to Rs 24,528 billion
Average CASA Deposits: Grew by 6% YoY to Rs 8176 billion
Gross Advances: Increased by 3% YoY to Rs 25,426 billion

Conclusion

HDFC Bank’s results received a positive market response, as reflected in its share price movement. Following the announcement, the stock hit an intraday high of Rs 1,671.85 before closing 1.4% higher at Rs 1,666.05 on the National Stock Exchange (NSE).

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