October 21, 2024
New Delhi, India
HDFC Bank Q2 Results
HDFC Bank, India’s largest private lender, announced its financial results for Q2 FY25, reporting a 5.3% rise in standalone net profit to ₹16,821 crore, compared to ₹15,976 crore in the same period last year. The bank’s net interest income (NII) also grew by 10% year-on-year, reaching ₹30,110 crore.
Key Highlights of Q2 FY25:
- Net Profit: ₹16,821 crore (up 5.3% YoY)
- Net Interest Income (NII): ₹30,110 crore (up 10% YoY)
- Total Income: ₹85,500 crore (compared to ₹78,406 crore YoY)
- Net Interest Margin (NIM): 3.46% on total assets
- Asset Quality: Gross NPAs rose to 1.36%, Net NPAs increased to 0.41%
Merger Impact and Asset Quality
This quarter marks the first time HDFC Bank’s year-on-year performance is comparable post its merger with Housing Development Finance Corp (HDFC) in July 2023. The merger has increased the loan portfolio but added pressure on deposits, pushing the credit-deposit ratio to 99.8%, below the 100% mark for the first time since the merger.
Also Read: RBL Bank Shares Drop 13% as Q2 Profit Falls and Asset Quality Deteriorates
Growth in Deposits and Advances
- Total Deposits: ₹25,00,100 crore (up 15.1% YoY)
- Gross Advances: ₹25.19 lakh crore (up 7% YoY)
- Retail Loans: Grew by 11.3%
- Commercial and Retail Banking: Increased by 17.4%
Financial Stability and Ratios
- Capital Adequacy Ratio (CAR): 19.8% (up from 19.5% YoY)
- Provisions and Contingencies: ₹2,700 crore (down from ₹2,900 crore YoY)
- Cost-to-Income Ratio: 40.6%
- Credit Cost Ratio: 0.43%
HDFC Bank continues to show growth in key areas, despite slight deterioration in asset quality, positioning itself strongly in the post-merger phase.
More Q2 Results
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