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HDFC Bank becomes third Indian company to achieve Rs 15 lakh crore market cap

Only Reliance Industries and Tata Consultancy Services had achieved this coveted milestone before HDFC Bank

April 22, 2025 / 15:16 IST
HDFC Bank becomes third Indian company to hit Rs 15 lakh crore milestone
     
     
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    HDFC Bank stock on April 22 achieved the Rs 15 lakh crore-milestone, thus becoming the third Indian company to hit the level.

    Only Reliance Industries and Tata Consultancy Services had achieved this milestone before HDFC Bank.

    HDFC Bank's shares have been rising post-March quarter results.

    HDFC Bank posted a 6.6 percent increase in standalone profit at Rs 17,616 crore in the fourth quarter of 2024-25. The country’s biggest private sector lender had earned a net profit of Rs 16,512 crore in the same quarter a year ago.

    At 3:10 pm on April 22, HDFC Bank's shares on BSE were trading 1.8 percent higher at Rs 1,962 apiece.

    Total income increased to Rs 89,488 crore during the quarter under review, as against Rs 89,639 crore in the same period of last year, HDFC Bank said in a regulatory filing.

    The bank reported interest income of Rs 77,460 crore during the January-March quarter of 2024-25, compared to Rs 71,473 crore in the same period a year ago.

    Total balance sheet size as of March 31, 2025 was Rs 39.10 lakh crore, as against Rs 36.17 lakh crore as of March 31, 2024, it added.

    HDFC Bank expects its loan growth to be above that of the industry in fiscal year 2027, Chief Financial Officer Srinivasan Vaidyanathan said in a post-earnings call, without divulging specific targets.

    Analysts at Nuvama said HDFC Bank's asset quality was the "best in class" as its pool of fresh bad loans was falling.

    Moneycontrol News
    first published: Apr 22, 2025 03:02 pm

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