hdfc bank q2 result 2024

HDFC Bank Q2 Results, Profit Jumps 5%: HDFC Bank Share Price Rises

HDFC Bank Q2 Results FY25 reported 5.3% year-on-year growth in the standalone net profit. HDFC Bank Q2 results 2024 date was October 19, 2024. On October 21, 2024, HDFC Bank share price opened at ₹1,715 from the previous trading day’s close of ₹1,681.85. So, let’s get into the details of India’s largest private sector bank’s Q2 FY25 revenue, asset quality, and subsidiaries earnings.

Key Highlights of the HDFC Bank Q2 Results 2024

HDFC Bank share price has delivered a negative return of 0.27% in the last 1 day (as on October 22, 2024). Here are the key highlights of the standalone HDFC Bank Q2 results FY25 and its YoY growth:

  • Net Profit at ₹168.2 billion, up 5.3% YoY from ₹159.8 billion in Q2 FY24

hdfc-bank-net-profit

  • Net Interest Income at ₹301.1 billion, up 10% YoY from ₹273.8 billion in Q2 FY24

hdfc-bank-net-interest-income

  • Net Revenue at ₹415.9 billion, up 9.2% YoY from ₹380.9 billion in Q2 FY24

hdfc-bank-net-revenue

  • Gross NPA at 1.4% and Net NPA at 0.4% in Q2 FY25

hdfc-bank-gross-npa

HDFC Bank Q2 Results 2024: Other Metrics

  • Total Advances at ₹24,951 billion, up 7% YoY from ₹23,312 billion in Q2 FY24
  • Total Deposits at ₹25,001 billion, up 15.1% YoY from ₹21,729 billion in Q2 FY24
  • Balance Sheet Size at ₹36,881 billion, up 8% YoY from ₹34,163 billion in Q2 FY24
  • Fees & Commission at ₹81.4 billion, up 17.4% YoY from ₹69.4 billion in Q2 FY24
  • Capital Adequacy Ratio at 19.8% and Liquidity Coverage Ratio at 128% in Q2 FY25
  • Average CASA down by 0.3% QoQ
  • Average AUM up by 10.2% YoY

HDFC Bank Results Q2 FY25: Deposits

In the Q2 results HDFC Bank FY25, the bank’s average deposits were ₹23,540 billion which was higher than the Q2 FY24 average deposits of ₹20,385 billion.

hdfc-bank-average-deposit

HDFC Bank Results Q2 FY25: Advances

In the HDFC Bank results Q2 FY25, the bank’s average advances under management were ₹25,639 billion which was higher than the Q2 FY24 average advances of ₹23,266 billion.

hdfc-bank-average-advances

HDFC Bank Results Q2 FY25: Branch Network

In the HDFC Bank results Q2 FY25, the bank’s total branch count was 9,092 which was higher than the Q2 FY24 branch network of 7,945.

hdfc-bank-branch-network

HDFC Bank Results Q2 FY25: Subsidiaries Performance

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Let’s find out the five HDFC Bank subsidiary’s performance announced in the Q2 FY25 HDFC Bank results.

HDB Financial Services (HDBFSL)

  • 94.54% stake held by the HDFC Bank (as of the second quarter of FY25)
  • Loan Book at ₹986 billion, up 27% YoY
  • Profit After Tax at ₹5.9 billion, down 1.6% YoY

HDFC Life Insurance Company (HDFC Life)

  • 50.34% stake held by the HDFC Bank (as of the second quarter of FY25)
  • Net Premium Income at ₹166 billion, up 12% YoY
  • Profit After Tax at ₹4.3 billion, up 15% YoY

HDFC Asset Management Company (HDFC AMC)

  • 52.51% stake held by the HDFC Bank (as of the second quarter of FY25)
  • Holds the market share of 11.5%
  • Profit After Tax at ₹5.8 billion, up 32% YoY

HDFC ERGO General Insurance Company (HDFC ERGO)

  • 50.48% stake held by the HDFC Bank (as of the second quarter of FY25)
  • 2.2 million policies issued, down 18% YoY
  • Profit After Tax at ₹2 billion, down 16.66% YoY

HDFC Securities (HSL)

  • 94.89% stake held by the HDFC Bank (as of the second quarter of FY25)
  • Net Revenue at ₹9.1 billion, up 51% YoY
  • Profit After Tax at ₹3.2 billion, up 47% YoY

Conclusion

HDFC Bank Q2 results for FY25 showcased that India’s private sector lender had achieved great growth in deposits, AUM, and profit. Along with the shining performance of subsidiaries, this bank possesses great expectations to grow in the future as well. In the last 1-year, HDFC Bank share price has delivered a return of 13.14% (on October 22, 2024).

Keep exploring stocks and open demat account with SMC Global Securities. Stay tuned for the upcoming Nifty 50 companies quarterly results.

Reference

https://www.hdfcbank.com/content/bbp/repositories/723fb80a-2dde-42a3-9793-7ae1be57c87f/?path=/Footer/About%20Us/Investor%20Relation/Detail%20PAges/financial%20results/PDFs/2024/oct/Q2FY25-Earnings-Presentation.pdf

Author: All Content is verified by SMC Global Securities.

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