Bank Results

HDFC Bank Q3FY25 Financial Results Declared [Download PDF]


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HDFC Bank, India’s largest private-sector lender, posted a net profit of ₹16,735.50 crore for the third quarter of FY25, reflecting a 2.2% year-on-year (YoY) increase. The marginal growth came amid slower core income growth and higher loan slippages in the agricultural sector.

Key Financial Metrics

  • Net Interest Income (NII): The bank reported a 7.7% YoY increase in NII to ₹30,650 crore.
  • Other Income: Remained almost unchanged at ₹11,450 crore.
  • Net Interest Margin (NIM): Stood at 3.43% for Q3FY25, flat compared to the same quarter last year but slightly lower than 3.5% in Q2FY25.
  • Provisions and Contingencies: Dropped to ₹3,150 crore from ₹4,220 crore in Q3FY24.

Asset Quality Deteriorates

HDFC Bank saw a decline in asset quality:

  • Gross Non-Performing Assets (GNPA): Increased to ₹36,019 crore in Q3FY25 from ₹34,251 crore in Q2FY25 and ₹31,012 crore in Q3FY24.
  • GNPA Ratio: Rose to 1.42%, compared to 1.36% in Q2FY25 and 1.26% a year ago. Excluding agricultural loans, the GNPA ratio remained flat at 1.19%.
  • Net NPA Ratio: Increased to 0.46% from 0.41% in Q2FY25 and 0.31% in Q3FY24.

The bank attributed the rise in GNPA to seasonal factors affecting agricultural loans, particularly during the December rabi-kharif crop cycle.

Advances and Deposits

  • Gross Advances: Totalled ₹25.4 trillion as of December 31, 2024, up 3% YoY.
    • Retail Loans: Grew 10%.
    • Commercial and Rural Banking Loans: Increased by 11.6%.
    • Corporate and Wholesale Loans: Declined by 10.4%.
  • Total Deposits: Rose 15.8% YoY to ₹25.6 trillion.
    • CASA Deposits: Increased by 4.4% to ₹8.65 trillion, accounting for 34% of total deposits.

The bank’s credit-deposit (CD) ratio stood at 98%, with the liquidity coverage ratio slightly declining to 125% from 128% in Q2FY25.

HDFC Bank Financial Results PDF December 2024 Quarter

  1. Financial Results for the quarter and nine months ended December 31, 2024.
  2. Press Release to announce Financial Results for the quarter and nine months ended December 31, 2024.
  3. Key Parameters_Financial Results for the Quarter ended December 31, 2024. 
  4. Q3FY25 Earnings Presentation.

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