Corporates

HDFC Bank Q4 Results: Net profit up 6.69% YoY at Rs 17,616 crore; NII rises 10.3%, gross NPA at 1.33%

By Aditya Bhagchandani

HDFC Bank has reported its financial results for the quarter ended March 31, 2025, with profit after tax (PAT) standing at ₹17,620 crore, adjusted for trading, mark-to-market gains, and one-off provisions. This represents an approximate 10% YoY growth.

Key Financial Highlights (Q4 FY25):

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  • Net Revenue stood at ₹44,090 crore, down from ₹47,240 crore in Q4 FY24, which included one-time transaction gains of ₹7,340 crore from a stake sale in HDFC Credila.

  • Net Interest Income (NII) grew by 10.3% YoY to ₹32,070 crore from ₹29,080 crore.

  • Net Interest Margin (NIM) stood at 3.54% of total assets and 3.73% based on interest-earning assets. Core NIM (excluding ₹700 crore income tax refund interest) was 3.46% and 3.65%, respectively.

  • Other Income came in at ₹12,030 crore, up from ₹11,420 crore last year. This includes:

    • Fees & commissions: ₹8,530 crore

    • Forex and derivatives: ₹1,440 crore

    • Trading/mark-to-market: ₹390 crore

    • Miscellaneous (including dividend): ₹1,670 crore

  • Operating Expenses were ₹17,560 crore vs ₹17,970 crore YoY. Cost-to-income ratio for the quarter was 39.8%.

  • Provisions and Contingencies declined to ₹3,190 crore from ₹13,510 crore in Q4 FY24.

  • Profit Before Tax (PBT) stood at ₹23,340 crore.

Balance Sheet Metrics:

  • Total Balance Sheet Size: ₹39,10,200 crore as of March 31, 2025 (vs ₹36,17,600 crore YoY)

  • Average Deposits: ₹25,28,000 crore, up 15.8% YoY

    • Average CASA: ₹8,289,000 crore, up 5.7%

    • CASA ratio: 34.8%

    • EOP Deposits: ₹27,14,700 crore, up 14.1% YoY

  • Time Deposits: ₹17,02,000 crore (up 20.3%)

  • Gross Advances: ₹26,43,500 crore, up 5.4%

    • Advances under management: ₹26,95,500 crore, up 7.3%

    • Retail loans up 9%

    • Commercial and rural banking loans up 12.8%

    • Corporate/wholesale loans down 3.6%

    • Overseas loans: 1.7% of total

Asset Quality:

  • Gross NPA: 1.33% (vs 1.42% QoQ and 1.24% YoY)

  • Net NPA: 0.43%

Dividend Announcement:

The Board has recommended a dividend of ₹22 per share for the financial year ended March 31, 2025. This is subject to shareholder approval at the upcoming AGM.

Aditya Bhagchandani

Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

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