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HDFC BANK Q3 FY25 Results 📊
Financial Highlights:
Consolidated Revenue Growth:
Revenue rose TO ₹1.12 Lakh crores, marking a decline of -2.5% during Q3FY25 which was planned to due to high Credit deposit ratio post merger.
Revenue rose TO ₹3.51 Lakh crores, marking a growth of 23.6% during 9MFY25 due to low base in Q1_fy24 pre_merger.
Consolidated Profit Growth:
Net Profit rose TO ₹17657 crores, marking a growth of 2.3% during Q3FY25 helped by increased profit margin.
Net Profit rose TO ₹51957 crores, marking a growth of 11.9% during 9MFY25 due to low base in Q1_fy24 pre_merger. However EPS growth would be mere 1.5% as increased 36% Equity post merger.
Deposits & Advances Growth:
Deposits have reached ₹25.6 Lakh crores, marking a growth of 15.8% during Q3FY25.
Advances have reached ₹26.2 Lakh crores, marking a growth of just 1.9% due to high advances to deposit ratio post merger which was already planned.
Asset Quality:
Deposits & Advances Growth:
Provisions and Contingencies were 3154 Cr which declined by 25.2% during this quarter.
GNPA % Grew by 1.42% v/s 1.26% last year same quarter Y-O-Y and 1.36% due to previous quarter Q-O-Q.
The bank's total CAR (Capital Adequacy Ratio) was 20% v/s regulatory requirement of 11.7%.
Network:
Branches & ATMs
Banks total branches was at 9143 & 21049 ATM’s across 4101 Cities v/s 8091 Branches & 20688 ATM’s across 3872 Cities.
Subsidiaries:
HDB Financials:
Bank holds 94.5% stake here. Net revenue and Profits for this quarter was 2500 Cr and 470 Cr. Here profits this quarter fell 26%.
HDFC Life:
Bank holds 50.3% stake here. Profit this quarter grew by 13.7% reaching 410 Cr.
HDFC ERGO:
Bank holds a 50.5% stake here. Profit this quarter fell by 23% falling to 100 Cr.
HDFC AMC:
Bank holds a 52.5% stake here. AUM reached 7.9 Lakh Cr. Profit grew this quarter by 31% reaching to 640 Cr.
HDFC Securities:
Bank holds a 94.6% stake here. Profit grew this quarter by 16% reaching 270 Cr.
Estimate FY25: We may see this year's Advance grow slow v/s deposits due to their High advances to deposit ratio. Yet revenue growth of 15% this year could be seen (As Q24 carried a low base as HDFC was Unmerged), Profits may grow by 10% while EPS may grow by 8%. Growth is average, but valuations of 18 are favourable for long term investment.
Disclosure: This document is prepared for educational purposes, do not treat this as recommendation or tips, we do not provide tips.
