Mumbai, January 28, 2025 – HDFC Bank Limited (NSE: HDFCBANK, BSE: 500180) has announced its Q3 FY25 financial results, posting a net profit of ₹16,820.97 crore, reflecting a 7.3% year-on-year (YoY) increase, while revenue from operations surged to ₹85,499.64 crore. The bank continued its strong loan growth, stable asset quality, and improved net interest margin (NIM) despite macroeconomic challenges.
Key Financial Highlights – Q3 FY25 (Standalone)
| Metric | Q3 FY25 | Q3 FY24 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹85,499.64 crore | ₹79,719.65 crore | +7.3% |
| Total Income | ₹87,460.44 crore | ₹81,719.65 crore | +7.0% |
| Net Profit (PAT) | ₹16,820.97 crore | ₹15,372.54 crore | +9.4% |
| Net Interest Income (NII) | ₹30,113.90 crore | ₹27,035.20 crore | +11.4% |
| Gross NPA Ratio | 1.42% | 1.26% | +16 bps |
| Net NPA Ratio | 0.46% | 0.31% | +15 bps |
| Capital Adequacy Ratio (CAR) | 19.97% | 18.39% | +158 bps |
- Revenue: ₹2,56,661.33 crore (+8.7% YoY).
- Net Profit: ₹49,731.22 crore (+12.3% YoY).
Segment-Wise Performance & Key Business Highlights
1. Loan Book & Credit Growth
- Advances grew by 14.8% YoY, led by retail and MSME lending.
- Retail Loan Growth: 15.6% YoY, with strong demand in home loans, auto finance, and personal loans.
- Wholesale Banking Growth: 12.3% YoY, with increased exposure to infrastructure and corporate finance.
2. Deposit Growth & CASA Ratio
- Total Deposits: ₹25,63,795.03 crore (+15.8% YoY).
- CASA (Current Account & Savings Account) Ratio: 39.6% (vs 41.1% in Q3 FY24).
- Term Deposits Grew 19.1% YoY, reflecting changing customer preferences due to rising interest rates.
3. Asset Quality & Provisions
- Gross NPA at 1.42%, Net NPA at 0.46%, maintaining strong asset quality.
- Provisions & Contingencies: ₹2,700.46 crore, down 9.2% YoY, indicating lower stress in the loan book.
4. Key Transactions & Regulatory Developments
- Amalgamation of HDFC Limited Completed: The integration of mortgage lender HDFC Limited into HDFC Bank was successfully completed on July 1, 2024, impacting YoY comparability of financials.
- HDB Financial Services IPO Filed: Draft Red Herring Prospectus (DRHP) filed for ₹12,500 crore IPO, comprising ₹2,500 crore fresh issue and ₹10,000 crore offer for sale (OFS).
Management Commentary
Sashidhar Jagdishan, Managing Director & CEO, HDFC Bank, stated:"Our strong financial performance in Q3 FY25 reflects HDFC Bank’s continued leadership in retail lending, deposit growth, and digital transformation. The completion of the HDFC Limited merger and upcoming HDB Financial Services IPO will unlock further value for shareholders."
Strategic Outlook & Investor Focus
- Expansion of digital banking & AI-driven customer engagement solutions.
- Growth in secured lending, with continued leadership in home & auto loans.
- Strengthening corporate banking & infrastructure lending portfolio.