HDFC Bank Gears Up for Q3 FY25 Results Announcement on January 22
HDFC Bank, India’s largest private sector lender, is set to announce its financial results for the third quarter (Q3) and nine months ended December 31, 2024, on January 22. Investors are optimistic about growth in net interest income (NII), the loan portfolio, and asset quality, supported by steady improvements and robust deposit growth.
Business Performance Highlights
In its Q3 business update, HDFC Bank reported a modest year-on-year (YoY) increase of 3% in gross advances, reaching ₹25.42 lakh crore. This incremental growth contrasts with a robust 15.8% YoY surge in deposits, which totaled ₹25.63 lakh crore.
The Current Account-Savings Account (CASA) deposits also showed an annual growth of 4.4%, amounting to ₹8.72 lakh crore. Sequentially, both advances and deposits experienced slight upticks from ₹25.19 lakh crore and ₹25 lakh crore, respectively, recorded in the previous quarter.
Key Dates and Analyst Interaction
HDFC Bank’s Board of Directors will convene on January 22, 2025, to approve the unaudited standalone and consolidated financial results. An earnings call is also scheduled for 6 PM on the same day, where senior management will address the financial performance and engage with analysts and investors.
Stock Market Trends
HDFC Bank’s stock performance has been subdued lately, with a 7.66% decline over the past month. However, the stock has delivered a 14.60% gain over the last year. On January 20, it traded at ₹1,640.75 per share, reflecting investor caution ahead of the results.
What to Watch in Q3 FY25 Results
In the previous quarter (Q2 FY25), HDFC Bank posted a 5% YoY increase in net profit, reaching ₹16,821 crore, driven by a 10% growth in NII to ₹30,114 crore. However, its asset quality showed slight deterioration, with the gross NPA ratio rising to 1.36% from 1.33%.
For Q3 FY25, investors will closely observe:
- Growth in NII and CASA deposits.
- Trends in credit expansion and asset quality.
- The bank’s performance during the festive season.
- Management’s outlook on cost controls and growth strategies.
HDFC Bank’s consistent focus on innovation and customer-centric initiatives continues to position it as a strong performer in the financial sector. These factors will play a crucial role in shaping investor sentiment and the bank’s trajectory in the upcoming quarters.
