HDFC Bank Q1FY25 Quarter Results
HDFC Bank’s net revenues grew over 91% YoY
- 24 Jul 2024
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- 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:
| (Rs, crores) | Q1FY24 | Q4FY24 | Q1FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 61,021.3 | 124,391.4 | 116,996.5 | -5.9% | 91.7% |
Total expenses | 41,132.5 | 92,819.4 | 91,126.0 | -1.8% | 121.5% |
Provisions & contingencies | 3,292.1 | 13,810.5 | 3,143.1 | -77.2% | -4.5% |
Profit before tax | 16,596.7 | 17,761.4 | 22,727.4 | 28.0% | 36.9% |
Tax | 4,193.5 | -251.5 | 5,539.3 | - | 32.1% |
Profit after tax | 12,370.4 | 17,622.4 | 16,474.9 | -6.5% | 33.2% |
Earnings per share | 22.0 | 23.1 | 21.6 |
Key Highlights & Management Commentary
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Deposits averaged ₹1.00 trillion in the quarter (up 4.6%); EOP down 0.03%
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Average CASA: ₹0.26 trillion (up 3.3%); EOP down 5.0%
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Average Time Deposits: ₹0.73 trillion (up 5.2%); EOP up 3.0%
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Average advances under management: ₹0.20 trillion (up 0.8%); EOP down 0.03%
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Asset quality remains stable with GNPA ratio at 1.33%; ex-agri at 1.16%
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PAT for the quarter: ₹162 billion; RoA of 1.89% and RoE of 15.0%
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Consolidated EPS of ₹21.7 for the quarter
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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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