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Informist, Saturday, Oct. 18, 2025

 

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--HDFC Bank Jul-Sept net profit INR 186.41 bln 
--Analysts saw HDFC Bank Jul-Sept net profit at INR 175.11 bln 
--HDFC Bank Jul-Sept net profit INR 186.41 bln vs INR 168.21 bln year ago 
--HDFC Bank Jul-Sept total income INR 910.41 bln vs INR 855 bln year ago 
--HDFC Bank gross NPA ratio 1.24% as on Sept 30 vs 1.40% quarter ago 
--HDFC Bank Apr-Sept net profit INR 367.96 bln vs INR 329.96 bln year ago 
--[I] HDFC Bank net NPA ratio 0.42% as on Sept 30 vs 0.47% quarter ago
--HDFC Bank Apr-Sept total income INR 1.90 tln vs INR 1.69 tln year ago 
--HDFC Bank capital adequacy ratio 19.96% as on Sept 30 
--HDFC Bank Jul-Sept provisions INR 35.01 bln vs INR 27 bln year ago 
--HDFC Bank Jul-Sept net interest income INR 315.50 bln, up 4.8% on year 
--HDFC Bank Jul-Sept core NIM on total assets at 3.27% vs 3.35% qtr ago 
--HDFC Bank Jul-Sept credit cost 0.51% 
--HDFC Bank Jul-Sept core cost-to-income ratio at 39.2% 
--HDFC Bank: Liquidity coverage ratio at 120% as on Sept 30 
--HDFC Bank: Retail loans at INR 15.55 tln as on Sept 30, up 7.4% YoY 
--HDFC Bank CASA ratio 34% as on Sept 30 
--HDFC Bank Jul-Sept cost of funds 4.6% vs 4.8% qtr ago 
--HDFC Bk Jul-Sept slippages INR 74 bln vs INR 90 bln qtr ago 
 

 

By Kabir Sharma

 

MUMBAI – A near six-fold increase in treasury income and steady rise in interest income helped HDFC Bank surpass Street's estimate for September quarter net profit. The country's largest private sector bank surpassed expectations despite rise in provisions. Sequentially, the profit was higher as provisions fell sharply from the June quarter.

 

HDFC Bank reported a net profit of INR 186.41 billion for the quarter ended September, up almost 11% on year. Sequentially, the profit was slightly higher from INR 181.55 billion reported in the June quarter. Shares of the bank had closed 0.8% higher at INR 1002.55 on the National Stock Exchange on Friday. 

 

Treasury income of the bank shot up to INR 42.13 billion in the September quarter from INR 7.44 billion year ago. Other income as a whole rose 25% on year to INR 143.50 billion for the reporting quarter. The four components of other income were fees and commissions of INR 88.4 billion, foreign exchange and derivatives revenue of INR 15.9 billion, net trading and mark to market gain of INR 23.9 billion, and miscellaneous income, including recoveries and dividend of INR 15.3 billion.

 

The bank's net interest income for the quarter grew 4.8% to INR 315.5 billion. Core net interest margin on total assets was 3.27% against 3.35% in the previous quarter, which shows assets are repricing faster than deposits, the bank said.

 

Provisions for the quarter rose nearly 30% on year to INR 35.00 billion, limiting the rise in bottom line. However, sequentially, the provisions were down by 76%, which helped the net profit rise quarter-on-quarter.

 

Total deposits of the bank were at INR 28.02 trillion as of Sept. 30, up 12.1% on year. The low-cost current account savings account deposits grew 7.4%, with savings account deposits at INR 6.53 trillion and current account deposits at INR 2.96 trillion. Time deposits were at INR 18.53 trillion at the end of September, up 14.6% from the corresponding quarter of the previous year, resulting in CASA deposits comprising 33.9% of total deposits.

 

Gross advances were at INR 27.69 trillion as of Sept. 30, up 9.9% on year. Retail loans grew 7.4% to INR 15.55 trillion, small and mid-market enterprises loans grew by 17.0%, and corporate and other wholesale loans grew by 6.4%. Overseas advances constituted 1.8% of total advances.

 

Operating expenses for the quarter ended September were INR 179.8 billion, against INR 168.9 billion in the corresponding quarter of the previous year. The cost­-to-income ratio for the quarter was 39.2%.

 

Gross non-performing assets were at 1.24% of gross advances as on Sept. 30, against 1.40% a quarter ago and 1.36% year ago. Net non­-performing assets were at 0.42% of net advances as on Sept. 30.

 

The bank's total capital adequacy ratio as per Basel Ill guidelines was 20.0% as on Sept. 30, against the regulatory requirement of 11.9%. Tier 1 capital was at 17.9% and common equity Tier 1 capital ratio was at 17.5% at the end of September.

 

As of Sept. 30, the bank's distribution network was at 9,545 branches against 9,092 branches a year ago. "50% of our branches are in semi­ urban and rural areas. In addition, we have 15,253 business correspondents, which are primarily manned by common service centres," the bank said.  

 

The Mumbai-based bank's slippages in the September quarter were lower at INR 74 billion compared to the INR 90 billion in the June quarter. Its credit cost was 0.51%, lower than 0.56% a quarter ago but higher than 0.43% a year ago. Its liquidity coverage ratio as of Sept. 30 was 120%, lower than 124% reported a quarter ago and 128% a year ago. The lender's cost of funds for the quarter was 4.6%, down from 4.8% a quarter ago and 4.9% a year ago.  End

 

With inputs from Anjana Therese Antony

Edited by Ashish Shirke

 

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