HDFC Bank Limited (HDB) Q1 2025 Earnings Report

Next: Q2 2025

HDFC Bank Limited

HDB

$35.72 -0.67%

Exchange: NYSE | Sector: Financial Services | Industry: Banks Regional

Q1 2025

Published: Jun 30, 2024

Earnings Highlights

Revenue of $1,169.96B up 233.6% year-over-year
EPS of $21.59 decreased by 2.2% from previous year
Gross margin of 100.0%
Net income of 164.75B
""We continue to invest heavily in digital transformation, aiming to enhance our customer experience and operational efficiency."" - CEO

HDB

HDFC Bank Limited

Period Q1 2025

Currency INR

Report Type Quarterly Earnings

Generated Dec 8, 2025

Executive Summary

HDFC Bank Limited (HDB) reported a remarkable revenue of â‚¹1,169.96 billion for QQ1 2025, reflecting an impressive year-over-year increase of 233.64%. Despite this strong revenue growth, the bank encountered operational challenges leading to an operating loss of â‚¹7.13 billion, which detracts from the overall financial stability. The net income reached â‚¹164.75 billion, representing a 33.18% increase year-over-year but a slight decline of 6.51% compared to the previous quarter.

Management highlighted the bank's resilience despite economic headwinds and emphasized ongoing investments in technology and customer experience. The significant revenue increase illustrates HDFC Bank's strong positioning in the Indian banking sector, capitalizing on increased demand for financial services amid a growing economy. Investors are advised to monitor the bank's strategic initiatives aimed at maintaining profitability while overcoming operational challenges.

Key Performance Indicators

Revenue

Increasing

1,169.96B

QoQ: 70.84% | YoY: 233.64%

Gross Profit

Increasing

1,169.96B

1.00% margin

QoQ: 399.16% | YoY: 233.64%

Operating Income

Decreasing

-7.13B

QoQ: -106.08% | YoY: -104.31%

Net Income

Increasing

164.75B

QoQ: -6.51% | YoY: 33.18%

EPS

Decreasing

21.67

QoQ: -6.59% | YoY: -2.17%

Revenue Trend

Margin Analysis

Financial Highlights

### Key Financial Metrics
- Revenue: â‚¹1,169.96 billion (YoY: +233.64%, QoQ: +70.84%)
- Operating Income: â‚¹-7.13 billion (YoY: -104.31%, QoQ: -106.08%)
- Net Income: â‚¹164.75 billion (YoY: +33.18%, QoQ: -6.51%)
- EPS: â‚¹21.67 (YoY: -2.17%, QoQ: -6.59%)

The growth in revenue indicates robust demand for HDFC's services. However, the significant decline in operating income reflects underlying cost pressures, primarily in general and administrative expenses, which totaled â‚¹350.42 billion. The bank's ability to navigate these costs will be pivotal for future profitability.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	1,169.96B	233.64%	70.84%
Gross Profit	1,169.96B	233.64%	399.16%
Operating Income	-7.13B	-104.31%	-106.08%
Net Income	164.75B	33.18%	-6.51%
EPS	21.67	-2.17%	-6.59%

Key Financial Ratios

Gross Profit Margin

Weak

1.00%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Excellent

35.70%

Operating margin is exceptional, indicating strong pricing power and operational efficiency

Net Profit Margin

Excellent

22.80%

Net profit margin is exceptional, indicating strong pricing power and operational efficiency

Return on Assets

Weak

0.41%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

3.46%

Return on equity suggests inefficient capital allocation

Debt to Equity

High Risk

1.42

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Fair Value

20.64x

P/E ratio in line with market averages

Price to Book

Fair Value

2.86x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2026	1,330,549.70	21.12	+13.7%	View
Q4 2025	694,771.90	24.50	+1.5%	View
Q3 2025	613,223.70	23.00	-46.7%	View
Q2 2025	1,214,567.40	23.29	+12.9%	View
Q1 2025	1,169,964.90	21.59	+233.6%	View

HDFC Bank Limited (HDB) Q1 2025 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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