HDFC Bank Q4 Results: PAT Up 6.7% To 17,616 Cr, Healthy Asset Quality Maintained; Rs. 22 Dividend Declared

HDFC Bank on Saturday declared standalone and consolidated financial results for the quarter and year ended March 31, 2025. On a standalone basis, the company reported a net profit of Rs 17,616.14 Cr, up by 6.7% from Rs 16,511.85 Cr in the year-ago quarter. The bank's net income remained flat at Rs 89,487.99 Cr in Q4FY25 compared to Rs 89,639 Cr in Q4FY24. The bank's operating profit stood at Rs 26,536.70 Cr in the March 2025 quarter compared to Rs 29,274.24 Cr in the March 2024 quarter. From Rs 29,080 crore for the quarter ending March 31, 2024, to Rs 32,070 crore for the quarter ending March 31, 2025, the bank's net interest income jumped by 10.3%.

On a consolidated basis, HDFC Bank reported a net profit of Rs 18,834.88 Cr in Q4FY25 compared to Rs 17,622.38 Cr in Q4FY24 up by 6.9% YoY. The bank's consolidated net income stood at Rs 1,20,268.76 Cr in the March 2025 quarter, down by 3.3% YoY from Rs 1,24,391.35 Cr in the March 2024 quarter. The bank's consolidated operating profit stood at Rs 29,378.75 Cr in the quarter under review compared to Rs 31,571.93 Cr in the same quarter of the previous fiscal year.

For the quarter ending March 31, 2025, the bank's earnings per share were Rs 24.6, and for the year ending March 31, 2025, they were Rs 92.8. As of March 31, 2025, the book value per share was Rs 681.9.

"The Board also recommended a dividend of Rs. 22 per equity share of Re. 1/- each fully paid up (i.e. 2200 %) for the FY 2024-25, subject to the approval of the shareholders. The record date for determining the eligibility of members entitled to receive the said dividend is Friday, June 27, 2025," said HDFC Bank in a regulatory filing.

Operating expenses were Rs 17,560 crore for the quarter that ended on March 31, 2025, as opposed to Rs 17,970 crore for the same period the year before. For the quarter, the cost-to-income ratio was 39.8%. The quarter's provisions and contingencies came to Rs 3,190 crore, a substantial decrease from the Rs 13,510 crore recorded in the quarter that concluded on March 31, 2024.

The overall balance sheet size of HDFC Bank increased from Rs 36,17,600 crore on March 31, 2024, to Rs 39,10,200 crore on March 31, 2025. The March 2025 quarter's average deposits were Rs 25,28,000 crore, up 15.8% from Rs 21,83,600 crore in March 2024 and 3.1% from Rs 24,52,800 crore in December 2024. The March 2025 quarter's average CASA deposits were Rs 8,28,900 crore, up 1.4% from Rs 8,17,600 crore in December 2024 and 5.7% from Rs 7,84,400 crore in March 2024.

With savings account deposits of Rs 6,30,500 crore and current account deposits of Rs 3,14,100 crore, HDFC Bank's CASA deposits jumped by 3.9%. In comparison to the same quarter previous year, time deposits jumped by 20.3% to Rs 17,70,200 crore.

Consequently, as of March 31, 2025, CASA deposits accounted for 34.8% of total deposits. As of March 31, 2025, the bank had gross advances of Rs 26,43,500 crore, which represented a 5.4% growth over March 31, 2024.

As of March 31, 2025, HDFC Bank's gross non-performing assets accounted for 1.33% of gross advances, compared to 1.42% on December 31, 2024, and 1.24% on March 31, 2024. As of March 31, 2025, net non-performing assets accounted for 0.43% of net advances.

For the year ended March 31, 2025, the bank's total income stood at Rs 3,46,150 crore, compared to Rs 3,07,580 crore in the previous year. HDFC Bank's net interest income plus other income was Rs 1,68,300 crore in FY25, up from Rs 1,57,770 crore for the year ended March 31, 2024. Profit after tax (PAT) was Rs 67,350 crore in FY25, reflecting a 10.7% increase over FY24.

The bank has 9,455 branches and 21,139 ATMs spread throughout 4,150 cities and towns as of March 31, 2025, compared to 8,738 branches and 20,938 ATMs spread across 4,065 cities and towns as of March 31, 2024. HDFC Bank's 51% of the branches are located in rural and semi-urban regions. The bank also has 15,399 business correspondents, most of whom are managed by Common Service Centers (CSC). Compared to 2,13,527 on March 31, 2024, there were 2,14,521 employees on March 31, 2025.