HDFC Bank Q1FY25 Quarter Results

• HDFC Bank’s net revenues (net interest income plus other income) decreased by 5.9% quarter-on-quarter (QoQ) during the quarter ended June (Q1FY25). On a year-on-year (YoY) basis, it witnessed a tad growth of 91.7%.
• Its expenses for the quarter were down by 1.8% QoQ and up by 121.5% YoY.
• The bank’s net profit was down 6.5% QoQ and up by 33.2% YoY.
• The earnings per share (EPS) of HDFC Bank stood at 21.6 during Q1FY25.

HDFC Bank’s financial statements for Q1FY25:

Key Highlights & Management Commentary

• Deposits averaged ₹1.00 trillion in the quarter (up 4.6%); EOP down 0.03%

• Average CASA: ₹0.26 trillion (up 3.3%); EOP down 5.0%

• Average Time Deposits: ₹0.73 trillion (up 5.2%); EOP up 3.0%

• Average advances under management: ₹0.20 trillion (up 0.8%); EOP down 0.03%

• Asset quality remains stable with GNPA ratio at 1.33%; ex-agri at 1.16%

• PAT for the quarter: ₹162 billion; RoA of 1.89% and RoE of 15.0%

• Consolidated EPS of ₹21.7 for the quarter

• Capital adequacy ratio is healthy at 19.3%

Performance of Subsidiaries:

• HDB Financial Services Loan book of ₹956 billion, up 30% YoY and 6% sequentially.
• HDFC Life Insurance Net Premium Income of ₹125 billion, up 8% YoY; AUM at ₹3.1 trillion, up 22% YoY.
• HDFC AMC Total income of ₹9.5 billion, grew 29% over the prior year.
• HDFC ERGO General Insurance Net profit after tax of ₹1.3 billion, compared to ₹2.0 billion in the prior year.
• HDFC Securities Net revenue of ₹8.2 billion, up 65% YoY.

Data Source: BSE, Company announcements
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