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