
HDFC Bank Q3 Results Highlights: HDFC Bank, the largest private sector lender in India, announced its Q3 results today, January 22. HDFC Bank reported a marginal 2.2% year-on-year (YoY) rise in Q3FY25 net profit, while its net interest income (NII) growth was 8% YoY.
Margins are likely to remain stable QoQ with a slight positive bias. The bank's asset quality weakened marginally in the December quarter as the Gross NPA increased. HDFC Bank's share price gained after the announcement of Q3 results today.
Catch our HDFC Bank Q3 Results Live blog for the latest updates.
HDFC Bank Q3 Results Live: Expert take on HDFC Bank shares
HDFC Bank Q3 Results Live: Expert take on HDFC Bank
“HDFC Bank reported steady Q3FY25 results, with net profit meeting market expectations. In its Q2FY25 commentary, management outlined a strategy to lower the LDR to pre-COVID levels, resulting in slower credit growth compared to industry standards while focusing on deposit accumulation, which is evident in Q3FY25 performance. Despite muted credit expansion, steady deposit growth aligns well with the bank's long-term goals. Although there was a slight decline in asset quality, HDFC Bank has consistently maintained strong asset quality through disciplined underwriting and risk-calibrated lending," said Abhishek Pandya, Research Analyst, StoxBox
HDFC Bank Q3 Results Live: Advances in Q3
HDFC Bank Q3 Results Live: The bank's gross advances during the quarter increased three per cent YoY to ₹25,42,600 crore. Retail loans grew by 10 per cent, and commercial and rural banking loans grew by 11.6 per cent. However, corporate and other wholesale loans declined by 10.4 per cent, the HDFC Bank said
HDFC Bank Q3 Results Live: Deposits, CASA improve
HDFC Bank Q3 Results Live: HDFC Bank said its average deposits grew nearly 16 per cent YoY to ₹24,52,800 crore during Q3FY25, while average CASA (Current Account and Savings Account) deposits grew six per cent YoY to ₹81,7600 crore.
HDFC Bank Q3 Results Live: D-Street experts advise buying above ₹1,730
HDFC Bank Q3 Results Live: Experts on HDFC Bank stock
"HDFC Bank's share price is currently in ₹1,610 to ₹1,730 apiece range. So, those with HDFC Bank shares in their portfolio are advised to maintain a strict stop loss at ₹1,610 and wait for the fresh breakout at ₹1,730 on a closing basis. Once the stock breaks above ₹1,730 decisively, HDFC Bank shareholders can upgrade their trailing stop loss to ₹1,670 apiece.
Fresh buying is advised only above ₹1,730 for the short-term target of ₹1,800 per share mark. However, after the breakout at ₹1,730, fresh buyers must maintain a strict stop loss at ₹1,670," said Ganesh Dongre, Senior Manager — Technical Research at Anand Rathi
HDFC Bank Q3 Results Live: HDFC Bank stock settles higher after Q3 results
On Wednesday, shares of HDFC Bank settled 1.42 per cent higher at ₹1,665.05 apiece on the BSE.
HDFC Bank Q3 Results Live: HDFC Bank merger benefits
HDFC Bank Q3 Results Live: 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.
Over the past few months, it has offered retail loans for sale to reduce its loan-to-deposit ratio, a key metric for banks to assess their liquidity position by gauging whether they have enough deposits to fund loan growth.
HDFC Bank Q3 Results Live: Credit-deposit ratio
HDFC Bank Q3 Results Live: HDFC has been shrinking its retail loan portfolio as it seeks to improve its credit-deposit ratio that shot up after its merger with Housing Development Finance Corp in 2023. The bank’s gross bad loans increased to 1.42 per cent in the December quarter, surpassing analyst estimates of 1.37 per cent while its provisions registered a 17 per cent growth over the previous quarter.
HDFC Bank Q3 Results Live: Slippages at ₹8,800 crore in December quarter
HDFC Bank Q3 Results Live:HDFC Bank's slippages stood at ₹8,800 crore compared to ₹7,800 crore in the preceding September quarter. NIM stood at 3.4 per cent compared to 3.5 per cent in the September quarter.
HDFC Bank Q3 Results Live: A look at HDFC Bank’s network
HDFC Bank Q3 Results Live: HDFC Bank’s distribution network was at 9,143 branches and 21,049 ATMs across 4,101 cities / towns as of December 31, 2024. The number of employees were at 2,10,219 as of December 31, 2024 as against 2,08,066 as of December 31, 2023.
HDFC Bank Q3 Results Live: Capital Adequacy Ratio at 20%
HDFC Bank Q3 Results Live: HDFC Bank’s total Capital Adequacy Ratio (CAR) as per Basel III guidelines was at 20.0% as on December 31, 2024 as against 18.4% as on December 31, 2023, and as against a regulatory requirement of 11.7%.
Tier 1 CAR was at 18.0% and Common Equity Tier 1 Capital ratio was at 17.5% as of December 31, 2024. Risk-weighted Assets were at 25,305 billion.
HDFC Bank Q3 Results Live: Retail loans up 10.0%
HDFC Bank Q3 Results Live: HDFC Bank's retail loans in Q3FY25 grew by 10.0%, commercial and rural banking loans grew by 11.6% and corporate and other wholesale loans were lower by 10.4%. Overseas advances constituted 1.8% of total advances.
HDFC Bank Q3 Results Live: Advances AUM up 7.6% YoY
HDFC Bank Q3 Results Live: HDFC Bank’s advances under management, on an average basis, grew 7.6% to ₹26,276 billion in Q3FY25, from ₹24,414 billion YoY. Advance rose by 2.5% from ₹25,639 billion QoQ.
Gross advances were at ₹25,426 billion as of December 31, 2024, an increase of 3.0% over December 31, 2023. Grossing up for transfers through inter-bank participation certificates, bills rediscounted and securitisation / assignment, advances under management grew by 6.1% over December 31, 2023.
HDFC Bank Q3 Results Live: Deposits grew 16%; CASA deposits up 6% YoY
HDFC Bank Q3 Results Live: HDFC Bank’s average deposits were at ₹24,528 billion for the December 2024 quarter, a growth of 15.9% over ₹21,171 billion for the December 2023 quarter, and 4.2% over 23,540 billion for the September 2024 quarter.
The Bank’s average CASA deposits were ₹8,176 billion in Q3FY25, a growth of 6.0% over ₹7,711 billion YoY, and 1.1% over ₹8,084 billion QoQ.
HDFC Bank Q3 Results Live: Total balance sheet size rises to ₹37,590 billion
HDFC Bank Q3 Results Live: HDFC Bank’s total balance sheet size as of December 31, 2024 was ₹37,590 billion as against ₹34,926 billion as of December 31, 2023.
HDFC Bank Q3 Results Live: Provisions down 25% YoY, up 16.8% YoY
HDFC Bank Q3 Results Live: Provisions and contingencies for the quarter ended December 2024 dropped 25.2% to ₹3,153.85 crore from ₹4,216.64 crore, YoY, while it increased 16.78% from ₹2,700.46 crore, QoQ.
HDFC Bank Q3 Results Live: NIM at 3.43% on total assets
HDFC Bank Q3 Results Live: HDFC Bank’s core net interest margin (NIM) in Q3FY25 was at 3.43% on total assets, and 3.62% based on interest earning assets.
HDFC Bank Q3 Results Live: Operating profit rises 5.7% YoY
HDFC Bank Q3 Results Live: Pre-provisions operating profit (PPOP) in Q3FY25 increased 5.72% to ₹25,000.40 crore from ₹23,647.30 crore, YoY.
HDFC Bank Q3 Results Live: HDFC Bank shares gain after Q3 results
HDFC Bank Q3 Results Live: HDFC Bank share price rose after the announcement of Q3 results today. HDFC Bank shares gained as much as 1.49% to ₹1,666.30 apiece on the BSE.
HDFC Bank Q3 Results Live: NPAs increase sequentially
HDFC Bank Q3 Results Live: HDFC Bank’s Gross NPA as a percentage of Goss Advances in the December quarter rose by 6 basis points (bps) to 1.42% from 1.36%, QoQ. NPA ratio increased 5 bps to 0.46% from 0.41%, QoQ.
HDFC Bank Q3 Results Live: Asset quality sees a marginal weakness
HDFC Bank Q3 Results Live: Asset quality of HDFC Bank weakened marginally during the quarter ended December 2024. Gross non-performing assets (GNPA) in Q3FY25 increased 5.2% to ₹36,018.6 crore from ₹34,250.6 crore in the previous quarter.
Net NPA in December quarter rose 12.4% to ₹11,587.5 crore from ₹10,308.5 crore in the September quarter.
HDFC Bank Q3 Results Live: NII up 8% YoY at ₹30,653 crore
HDFC Bank Q3 Results Live: Net interest income (NII) in Q3FY25 increased 8% to ₹30,653 crore from ₹28,472 crore, YoY.
HDFC Bank Q3 Results Live: Net profit up 2.2% YoY at ₹16,736 crore
HDFC Bank Q3 Results Live: HDFC Bank reported a net profit of ₹16,736 crore in the third quarter of FY25, registering a growth of 2.2% from ₹16,372.5 crore in the year-ago quarter.
HDFC Bank Q3 Results Live: Deposit growth to be better than credit growth: Axis Securities
HDFC Bank Q3 Results Live: Axis Securities expects HDFC Bank’s deposit growth to be better than credit growth, and LDR to improve marginally. Credit growth is expected to be significantly below industry growth, while margins are likely to remain stable QoQ with a slight positive bias. It expects opex ratios to remain steady. Slippages are estimated to remain under control, and asset quality stable.
HDFC Bank Q3 Results Live: Expect gross NPL ratio to be stable: Kotak Equities
HDFC Bank Q3 Results Live: HDFC Bank’s headline reported numbers were weak on loan growth (~3% YoY), reflecting the underlying changes that it is undertaking to improve the CD ratio. The CD ratio has improved QoQ to ~98% (~100 bps improvement). Deposits grew 16% YoY, said Kotak Institutional Equities, It estimates NIM to be flat/ marginally positive QoQ. It expects gross NPL ratio to be stable. Near-term focus would be the progress of NIM (expect a positive outlook for the medium term) and look to understand the impact of PSL (FY2025).
HDFC Bank Q3 Results Live: HDFC Bank shares fail to deliver significant returns in two years
HDFC Bank Q3 Results Live: HDFC Bank share price has fallen over 7% in one month and is down 4% in three months. The banking stock has gained over 11% in the past one year, but has been flat in two years.
HDFC Bank Q3 Results Live: AUM up 7.6% You at ₹26.27 lakh crore
HDFC Bank Q3 Results Live: HDFC Bank’s average advances under management (advances grossing up for inter-bank participation certificates, bills rediscounted and securitisation/ assignment) were ₹26,27,600 crore for the December 2024 quarter, a growth of around 7.6% YoY and around 2.5% QoQ, the bank said in its Q3 business update.
HDFC Bank Q3 Results Live: NIM will be stable sequentially: Yes Securities
HDFC Bank Q3 Results Live: Yes Securities expects HDFC Bank’s Q3 sequential loan growth will be in the 2.5% ballpark due to idiosyncratic growth trajectory. NII growth will be in-line with average loan growth as the rise in yield on advances to be in tandem with rise in cost of deposits. Consequently, NIM will be stable sequentially. Sequential fee income growth will broadly match loan growth. Opex growth would slightly lag business growth. Slippages would be broadly stable on a sequential basis. Provisions will be stable QoQ, Yes Securities said.
HDFC Bank Q3 Results Live: Q3 gross advances up by 3%, deposits up 15.8% YoY
HDFC Bank Q3 Results Live: HDFC Bank’s gross advances in Q3FY25 increased by 3% YoY to ₹2,54,250 crore. On a sequential basis, the gross advances grew 0.9%. The bank’s total deposits in Q3FY25 rose by 2.5% QoQ and 15.8% YoY to ₹2,56,350 crore, HDFC Bank said in its Q3 business update. CASA deposits (current and savings accounts) declined by 1.2% QoQ and 4.4% YoY to ₹87,250 crore. The CASA ratio in the December quarter decreased to 34.04% from 35.34% in the September quarter and from 37.74% in the same period last year.
HDFC Bank Q3 Results Live: Loan growth could slow down to below 5% YoY: Citi
HDFC Bank Q3 Results Live: Post garnering > ₹1 trillion of deposits in Q3, Citi expects the momentum to slow down in seasonally weaker Q3 and builds in ₹550 billion of deposits accretion. Endaevor to reduce the LDR, sell-down assets and repay HDFC’s borrowings will keep sequential loan growth in-line with deposits growth and could slow down to below 5% on YoY basis. Focus is on incremental spreads, change in portfolio mix (towards retail) and borrowing refinancing acts as gradual NIM improvement levers, Citi said.
HDFC Bank Q3 Results Live: Slower credit growth, elevated opex to keep earnings in check: EMkay Global
HDFC Bank Q3 Results Live: Slower credit growth and elevated opex, as the bank continues to build franchisees, could keep earnings in check. Deposit growth QoQ and margin sustenance shall remain the key monitorables, said Emkay Global Financial Services.
HDFC Bank Q3 Results Live: Expect steady performance led by moderate loan, deposit growth: Abhishek Pandya
HDFC Bank Q3 Results Live: HDFC Bank’s balance sheet has shown consistent growth, and the bank is anticipated to report steady results for Q3FY25, driven by moderate loan and deposit growth. We do not expect any significant stress in asset quality, and margin contraction is projected to be limited. The momentum in the deposit book is likely to persist, although NIM may experience a slight contraction due to rising deposit costs and moderate loan growth. We will have to closely monitor management's commentary on the sustainability of margins, asset quality, and the growth of the unsecured loan book. Given these factors, we believe that HDFC Bank, a leading private sector player, is positioned to deliver steady performance this quarter, said Abhishek Pandya, Research Analyst, StoxBox.
HDFC Bank Q3 Results Live: Loan growth would be softer at 0.9% QoQ
HDFC Bank Q3 Results Live: HDFC Bank’s loan growth would be softer at 0.9% QoQ due to focus on LDR. NII could grow by 1.6% QoQ. Margins may remain steady at 3.58% as decline in yields to be offset with decline in CoF. PPoP could decrease by 0.6% due to higher opex and lower other income. Provisions could increase by 25% due to ageing, increased slippages and prudent accounting practices. GNPAs could worsen by 7bps QoQ at 1.43% due to increased slippages, said Prabhudas Lilladher.
HDFC Bank Q3 Results Live: HDFC Bank shares gain ahead of Q3 earnings
HDFC Bank Q3 Results Live: HDFC Bank shares gained ahead of Q3 earnings later today. HDFC Bank stock opened higher at ₹1,644.95 apiece as against its previous close of ₹1,641.75 apiece on the BSE. The stock hit an intraday high of ₹1,655.10 and a low of ₹1,638.65 per share.
HDFC Bank Q3 Results Live: NII is likely to grow 7.4% YoY: Nuvama
HDFC Bank Q3 Results Live: NII is likely to grow 1.5% QoQ and 7.4% YoY. Margins could decline by 3 bps QoQ but improve 3 bps YoY. Trading gains will be lower QoQ. Loan and deposit growth is likely to be at 2.5% each, said Nuvama Institutional Equities.
HDFC Bank Q3 Results Live: HDFC Bank to report single-digit growth in profit, NII
HDFC Bank Q3 Results Live: HDFC Bank is estimated to report a marginal year-on-year (YoY) rise in Q3FY25 net profit, while its net interest income (NII) is projected to grow around 7.5%, according to analysts. Margins likely to remain stable QoQ with a slight positive bias.
HDFC Bank Q3 Results Live: HDFC Bank to announce its Q3 results today
HDFC Bank Q3 Results Live: HDFC Bank, the largest private sector lender in India, will announce its Q3 results today, January 22. The board of directors of HDFC Bank will meet today to consider and approve the financial results for the third quarter of FY25.