HDFC Bank Q3 FY25 Results: Net Profit Rises 2.2% YoY to ₹16,736 Crore; NII Grows 8% YoY to ₹30,653 Crore

Here are the key highlights from HDFC Bank’s Q3 FY25 results and related updates:

Net Profit: ₹16,736 crore, up 2.2% YoY from ₹16,372.5 crore in Q3 FY24.
Net Interest Income (NII): ₹30,653 crore, reflecting an 8% YoY growth.
Gross Advances: Grew 3% YoY to ₹2,54,250 crore and 0.9% QoQ.
Deposits: Increased 15.8% YoY to ₹2,56,350 crore, with a QoQ growth of 2.5%.
CASA Deposits: Declined 4.4% YoY and 1.2% QoQ, with a CASA ratio of 34.04% compared to 37.74% last year.
Assets Under Management (AUM): ₹26.27 lakh crore, up 7.6% YoY.

Net Interest Margin (NIM): Expected to remain stable sequentially, with slight positive bias projected for the medium term.
Gross NPL Ratio: Stable with minor QoQ changes; GNPAs estimated at 1.43% due to increased slippages.
Loan Growth: Moderated to 0.9% QoQ, emphasizing improving the credit-deposit (CD) ratio.

Axis Securities: Deposit growth is outpacing credit growth; LDR is improving marginally.
Kotak Equities: Stability in gross NPL ratio and improvement in CD ratio QoQ (~98%).
Yes, Securities: Opex growth is lagging business growth; provisions and slippages are stable QoQ.
Citi: Incremental spreads and portfolio shift toward retail loans expected to aid gradual NIM improvement.

Share Price: Opened higher at ₹1,644.95, peaked at ₹1,655.10 and saw mild fluctuations.
Recent Trends: Gained 11% YoY but flat over two years; down 4% over the last three months.

Margins are projected to experience slight contraction due to rising deposit costs and moderated loan growth.
Focus on enhancing asset quality and growth in the unsecured loan portfolio.
Management commentary on deposit momentum and NIM sustainability will be crucial for future projections.

Let me know if you need deeper insights or a detailed analysis of HDFC Bank’s Q3 performance.

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