HDFC Bank Q3 Results: 10-Key Things to Know From Quarterly Results
MC Desk | January 22, 2025
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HDFC Bank posted a 2.2% rise on-year in standalone net profit to Rs 16,736 crore.
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NII grew 8% YoY to Rs 30,690 crore during the quarter, in line with expectations.
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Gross non-performing assets (GNPA) increased to Rs 36,019 crore as of December 31, 2024, up 16 percent from Rs 31,012 crore a year ago.
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GNPA ratio expanded by 18 basis points to 1.42% from 1.26% in the same period last year.
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Net non-performing assets (NNPA) jumped 51% to Rs 11,588 crore, with the NNPA ratio increasing by 15 basis points to 0.46% from 0.31% YoY.
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It stood at Rs 25.12 lakh crore as of December 31, 2024, registering a 14.5% YoY growth.
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It rose 12.8% to Rs 20.86 lakh crore during the same period.
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HDFC Bank share price rebounded from intraday lows to jump firmly into green, lifting benchmark indices. Soon after the Q3 results, HDFC Bank stock was trading up 1.3% at Rs 1,664 on NSE.
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HDFC Bank’s merger added a large pool of loans to its portfolio but a much smaller amount of deposits, putting it under pressure to increase the pace of raising deposits or slow loan growth, reported Reuters.
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Over the past few months, it has offered retail loans for sale to reduce its loan-to-deposit ratio.
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