HDFC Bank Share Price in Focus: Profit Rises 2% YoY to ₹16,736 Crore

HDFC Bank, India’s largest private lender, reported a standalone net profit of ₹16,735.5 crore for the October-December quarter of FY25. This marks a 2.2% year-on-year (YoY) growth from ₹16,372.5 crore in Q3FY24. However, the profit saw a slight dip compared to ₹16,820.9 crore in the previous quarter.

Net Interest Income (NII) and Margins

The bank’s net interest income (NII) grew 8% YoY to ₹30,653 crore in Q3FY25. Net interest margin (NIM) stood at 3.43%, slightly higher than 3.4% YoY but lower than 3.46% in the previous quarter.

Asset Quality and Provisions

Asset quality weakened during the quarter. The gross non-performing asset (GNPA) ratio rose to 1.42%, compared to 1.36% in the previous quarter and 1.26% a year ago. The net NPA ratio increased to 0.46% from 0.41% QoQ and 0.31% YoY. Provisions for the quarter rose to ₹3,135.8 crore from ₹2,700.5 crore in Q2FY25 but were lower than ₹4,216.6 crore a year earlier.

Overall, HDFC Bank delivered better-than-expected results, boosting investor confidence and positively impacting market sentiment.

About HDFC Bank Limited

HDFC Bank Limited, based in Mumbai, is a major Indian banking and financial services company. It is the largest private bank in India by assets and ranks as the tenth-largest bank globally by market value as of May 2024. As of April 2024, the bank has a market value of $145 billion, making it the third-largest company on India’s stock exchanges.

HDFC Bank share price is currently trading at ₹1,670.15, up by ₹4.10 (0.25%) as of 10:00 AM IST on January 23. The stock opened at ₹1,687.00, reached a high of ₹1,687.00, and a low of ₹1,663.50. Over the past 52 weeks, the stock’s highest value was ₹1,880.00, and its lowest was ₹1,363.55. In the past 5 days, it has risen by ₹27.75 (1.69%), while it has gained ₹55.10 (3.40%) over the past 6 months. Compared to a year ago, HDFC Bank Ltd’s stock has increased by ₹246.15 (17.25%).

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