HDFC BANK LTD
HDFC Bank Limited (also known as HDFC) is an Indian banking and financial services company headquartered in Mumbai. It is India’s largest private sector bank by assets and the world’s tenth-largest bank by market capitalization as of May 2024.
As of April 2024, HDFC Bank has a market capitalization of $145 billion, making it the third-largest company on the Indian stock exchanges.
Revenue Breakup
Retail Banking: 40%
Wholesale Banking: 27%
Insurance Business: 17%
Treasury: 9%
Others: 7%
Shareholding Pattern
-PUBLIC GROUP
-PROMOTER GROUP
Financial Summary
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 |
| Sales | 135,936 | 170,754 | 283,649 |
| Interest | 58,584 | 77,780 | 154,139 |
| Expenses | 56,557 | 63,042 | 174,196 |
| Financing Profit | 20,795 | 29,932 | -44,685 |
| FPM% | 15% | 18% | -16% |
| Net Profit | 38,151 | 46,149 | 65,446 |
| EPS in Rs | 68.62 | 82.44 | 84.33 |
Synopsis Of Financials
- Net revenues for the quarter were at INR 396 billion
- Net interest income at INR 285 billion
- Total other income at INR 111 billion
- Operating expenses for the quarter were at INR 160 billion
- Profit before tax was at INR 194 billion, with net profits after tax at INR 164 billion
- Total provisions reported were around INR 42 billion
- GNPA ratio was at 1.26%, with net NPA ratio at 0.31%
Final Outlook
Profits raised by 38% this financial year(2023-2024).The net profit growth for HDFC Bank from 31 March 2023 to 31 March 2024 was approximately 38%.
These figures reflect HDFC Bank’s robust financial performance, with significant year-over-year growth in net profit both annually and quarterly.
The bank’s current account savings account (CASA) deposits grew by 4.4% to Rs 8.72 lakh crore as of December 31, 2024, from Rs 8.35 lakh crore a year ago. Time deposits increased 22.7% to Rs 16.91 crore as of December 31, 2024 from Rs 13.78 lakh crore a year ago. HDFC Bank posted higher deposit growth than advances in the third quarter, as per provisional business updates. Deposits at the country’s largest private lender surged 15.8% to Rs 25.63 lakh crore as of December 31, 2024, from Rs 22.14 lakh crore a year ago, registering a growth of 2.5% at over Rs 25 lakh crore as of September 30, 2024.
Gross advances of the bank rose 3% to Rs 25.42 lakh crore as of December 31, 2024, from Rs 24.69 lakh crore a year ago.
I would give Buy rating for this stock.
HDFC-BANK-LTD