HDFC Bank hits record high after beating street estimates in March quarter

The up move in profit came on the back of lower provisioning for bad loans.

Provisions of the lender plunged by as much as 76.4% in Q4 FY25 to ₹3,193 crore, down from ₹13,511 crore in the March quarter of FY24.

HDFC Bank on Saturday reported that its net profit in January-March period rose 6.6% to ₹17,616 crore from ₹16,512 crore in the same period last year. Analysts on an average were expecting the bank to report net profit of ₹17,000 crore.

HDFC Bank's net interest income or the difference between interest earned and interest expended rose 10.3% to ₹32,066 crore in March quarter from ₹₹29,080 crore in the December quarter.

The bank's Gross Non-Performing Assets (Gross NPA) during the January-March quarter of FY25 stood at ₹35,222.6 crore as against ₹36,018.6 crore in the third quarter. The GNPA ratio for the reporting quarter stood at 1.33% as against 1.42% in Q3 FY25 and 1.24% in Q4 FY24.

Net NPA ratio was at 0.43% for the March quarter as compared to 0.46% in the December quarter of FY25 and 0.33% in the year-ago period (Q4 FY24).

Net interest margin (NIM) stood at 3.54% on total assets and 3.73% on interest-earning assets.

HDFC Bank's average deposits rose 15.8% YoY to ₹25.28 lakh crore in the fourth quarter of FY25 as against ₹21.84 lakh crore in Q4 FY24. The lender's average deposits stood at ₹24.53 lakh crore in Q3 FY25.

Operating profit of the bank declined by 9.4% YoY in the March quarter to ₹26,537 crore as against ₹29,274 crore in the year-ago period.

As of 9:31 am, HDFC Bank shares traded 1.70% higher at ₹1,939, outperforming the SENSEX which was up 0.70%.