HDFC Bank Share Price Live

HDFC Bank Sees A Jump In Profits But Are The Markets Happy With The Results? The Largest Private Sector Lending Bank on Saturday reported its Q4 results with profits jumping to 37% but deep inside the story looks different. The Largest Private Lending Bank in India with a Market Capitalisation of around more than Rs.11.5 Lakh Crores reported mixed-bag results for the Quarter that ended March 2024 on Saturday. HDFC Bank Q4 Results HDFC Bank reported a 37.1% year-on-year (YoY) increase in its standalone profit at Rs.16,512 crore in the March quarter. Its net interest income (NII) during the quarter grew by 24.5% to Rs.29,077 crore. In this quarter, it has also made a floating provision of Rs.10,900 crore. The credit performance of the bank across all segments continues to be stable, The GNPA at 1.24% has shown an improvement over the prior quarter, the bank said in its filing. The Bank has declared a dividend of Rs.19.5 per share. Is This 37% Profit Jump, Really a Jump to Consider? The Bank reported a 37.1% jump in its standalone net profit to Rs.16,511.85 crore for the January-March quarter. But one thing which turns out to be very important to consider here is that the profits reported in this quarter are of the merged entity of Hdfc Ltd and HDFC Bank Ltd, which can’t be compared against the profits of Hdfc Bank alone in the same quarter for the previous year. Brokerages on Hdfc Bank Top Global Brokerages like Jeffries and Goldman Sachs. have given a positive reaction to Hdfc Bank’s Q4 Results, Jeffries has mentioned that there was a rise in NIM and also said that profits before provisions were in line, Jeffries has maintained their ‘Buy’ Rating on Hdfc Bank and they have raised the target to Rs. 1880 from Rs.1800 earlier. Domestic Brokerages like ICICI Securities and Motilal Oswal have also presented a ‘Buy’ rating for the stock with both having targets of Rs.1850 and Rs,1950 respectively. Market Reaction on Hdfc Bank Q4 Results The shares of Hdfc Bank are trading around 1% lower at Rs.1516.50 in the morning session on 22nd April, seeing the reaction of the market it seems that they are not happy with the mixed bag of results reported by the Bank with missed PAT estimates as there is only a slight increase in profit of only 0.9% on QoQ basis, and also a floating provision of Rs10900 crores. Conclusions: The market does not seem to be much reactive on the results of the NIfty50 and NiftyBank Heavyweight, with the stock trading in the range of +1 to -1% only, though various brokerages have given a thumbs up to the stock saying that slight increase in NIM has been a positive note and the floating provisions of Rs.10900 will also make the balance sheet more healthy. Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions. Angel One HDFC Bank Ltd Share Price - Live HDFC Bank Ltd Stock Price NSE/BSE HDFC Bank Share Price: Track HDFC Bank stock price with live chart, performance, fundamentals, & financials on NSE/BSE. Gain insights into the detailed company profile at Angel One.

HDFC Bank has experienced negative returns over the past three years, with a decline of 11% during that period. In the previous month alone, the stock plummeted by 15%. Notably, Foreign Institutional Investors (FIIs) divested from HDFC Bank in January, but this was offset by domestic Mutual Funds (MFs) investing Rs 12,890 crore to buy the dip. Considering this situation, it’s important to understand the underlying causes and whether HDFC Bank can bounce back. One major factor contributing to its challenges is the merger with its housing loan parent, HDFC. This merger has led to two significant issues. Firstly, HDFC Bank’s net interest margins (NIMs) have declined due to the high-cost deposits from HDFC, resulting in a current NIM range of 3.4%-3.5%, with no immediate improvement expected. Secondly, HDFC’s credit-deposit ratio is at a sector-high level of 110%, limiting its ability to lend further due to insufficient deposits. The crucial question remains: can HDFC Bank recover? Some optimistic analysts believe that the merger’s issues have been addressed, while others suggest it may take another year for a rebound. However, there are additional concerns, such as HDFC Bank’s reduced focus on personal loans and credit cards, as well as its technical issues in net banking, which have alienated even loyal customers. It’s essential for the management to address these issues promptly. Nevertheless, the consensus is that HDFC Bank is not fundamentally flawed at this juncture.

HDFC Bank has experienced negative returns over the past three years, with a decline of 11% during that period. In the previous month alone, the stock plummeted by 15%. Notably, Foreign Institutional Investors (FIIs) divested from HDFC Bank in January, but this was offset by domestic Mutual Funds (MFs) investing Rs 12,890 crore to buy the dip. Considering this situation, it’s important to understand the underlying causes and whether HDFC Bank can bounce back. One major factor contributing to its challenges is the merger with its housing loan parent, HDFC. This merger has led to two significant issues. Firstly, HDFC Bank’s net interest margins (NIMs) have declined due to the high-cost deposits from HDFC, resulting in a current NIM range of 3.4%-3.5%, with no immediate improvement expected. Secondly, HDFC’s credit-deposit ratio is at a sector-high level of 110%, limiting its ability to lend further due to insufficient deposits. The crucial question remains: can HDFC Bank recover? Some optimistic analysts believe that the merger’s issues have been addressed, while others suggest it may take another year for a rebound. However, there are additional concerns, such as HDFC Bank’s reduced focus on personal loans and credit cards, as well as its technical issues in net banking, which have alienated even loyal customers. It’s essential for the management to address these issues promptly. Nevertheless, the consensus is that HDFC Bank is not fundamentally flawed at this juncture.

Yesterday HDFC released their Q4 earnings, and here are things you should know: HDFC reported a 20% year-on-year (YoY) rise in net profit for the quarter that ended March 2021 to Rs 12,047 crore. Total Income grew 31% YoY to Rs 53,851 crore. Net interest income (NII), which is the difference between interest earned and interest expended, increased by 15.1% YoY to Rs 17,120.2 crore. Net interest margin (NIM), which is the ratio of NII to average interest-earning assets, stood at 4.2% for the quarter. Other income , which includes fees, commissions, treasury income and exchange rate gains, rose by 25.9% YoY to Rs 7,593.9 crore. Cost-to-income ratio, which is the ratio of operating expenses to net revenues, improved to 36.8% from 37.9% a year ago Operating expenses increased by 12.6% YoY to Rs 9,181.3 crore HDFC also recommend a Dividend of ₹19 per share, which is the highest ever since listing. Note: I am not a SEBI registered Investment Advisor, and this post is for educational purposes only and not investment advice. Please consult your financial advisor before making any investment decision.