HDFC Bank Future Growth

Future criteria checks 1/6

HDFC Bank's revenue is forecast to decline at 0.01% per annum while its annual earnings are expected to grow at 11.1% per year. EPS is expected to grow by 8.9% per annum. Return on equity is forecast to be 15.5% in 3 years.

Key information

11.1%

Earnings growth rate

8.9%

EPS growth rate

Banks earnings growth	7.6%
Revenue growth rate	-0.006%
Future return on equity	15.5%
Analyst coverage	Good
Last updated	25 Apr 2024

Recent future growth updates

No updates

Recent updates

With Banks Getting Ready To Kick Off Earnings Season, I Like HDFC Bank Better Than Most

Jul 08

HDFC Bank: Favor Quality On The Recovery Path

Nov 07

Earnings and Revenue Growth Forecasts

NYSE:HDB - Analysts future estimates and past financials data (INR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	2,371,071	937,178	N/A	N/A	11
3/31/2026	2,077,786	812,235	N/A	N/A	38
3/31/2025	1,784,402	690,804	N/A	N/A	38
3/31/2024	2,288,379	640,620	-3,221,822	-3,178,955	N/A
12/31/2023	1,933,224	590,341	N/A	N/A	N/A
9/30/2023	1,565,269	544,746	-3,042,148	-3,002,760	N/A
6/30/2023	1,206,281	487,884	N/A	N/A	N/A
3/31/2023	1,130,321	459,971	-3,073,131	-3,038,465	N/A
12/31/2022	1,063,617	438,457	N/A	N/A	N/A
9/30/2022	1,008,132	417,388	-3,862,296	-3,836,675	N/A
6/30/2022	960,154	397,098	N/A	N/A	N/A
3/31/2022	911,858	380,528	-2,384,780	-2,362,417	N/A
12/31/2021	875,561	360,435	N/A	N/A	N/A
9/30/2021	828,142	335,679	-1,776,099	-1,756,857	N/A
6/30/2021	804,006	328,281	N/A	N/A	N/A
3/31/2021	777,974	318,332	-1,467,334	-1,450,373	N/A
12/31/2020	752,659	306,796	N/A	N/A	N/A
9/30/2020	774,294	323,507	-2,132,380	-2,115,191	N/A
6/30/2020	715,435	285,051	N/A	N/A	N/A
3/31/2020	712,309	272,540	-2,422,094	-2,405,735	N/A
12/31/2019	698,242	262,745	N/A	N/A	N/A
9/30/2019	665,892	239,671	-1,836,323	-1,820,021	N/A
6/30/2019	646,879	232,001	N/A	N/A	N/A
3/31/2019	620,129	223,324	-1,986,197	-1,969,991	N/A
12/31/2018	592,785	213,133	N/A	N/A	N/A
9/30/2018	561,237	206,261	-1,141,234	-1,129,102	N/A
6/30/2018	543,546	193,450	N/A	N/A	N/A
3/31/2018	523,911	185,100	-1,288,743	-1,280,265	N/A
12/31/2017	500,618	177,508	N/A	-1,139,834	N/A
9/30/2017	477,325	169,916	N/A	-999,402	N/A
6/30/2017	459,245	161,086	N/A	-899,598	N/A
3/31/2017	441,166	152,256	N/A	-799,794	N/A
12/31/2016	422,287	144,819	N/A	-1,030,153	N/A
9/30/2016	403,409	137,382	N/A	-1,260,513	N/A
6/30/2016	388,419	132,697	N/A	-1,280,382	N/A
3/31/2016	373,429	128,013	N/A	-1,300,250	N/A
12/31/2015	355,511	122,182	N/A	-1,155,394	N/A
9/30/2015	337,593	116,351	N/A	-1,010,538	N/A
6/30/2015	322,081	111,620	N/A	-1,027,690	N/A
3/31/2015	306,570	106,889	N/A	-1,044,843	N/A
12/31/2014	293,499	101,394	N/A	-819,449	N/A
9/30/2014	280,428	95,900	N/A	-594,055	N/A
6/30/2014	268,616	91,667	N/A	-630,917	N/A
3/31/2014	256,803	87,435	N/A	-667,779	N/A
12/31/2013	245,716	82,209	N/A	-644,000	N/A
9/30/2013	234,628	76,982	N/A	-620,221	N/A
6/30/2013	225,094	72,839	N/A	-587,108	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HDB's forecast earnings growth (11.1% per year) is above the savings rate (2.3%).

Earnings vs Market: HDB's earnings (11.1% per year) are forecast to grow slower than the US market (14.8% per year).

High Growth Earnings: HDB's earnings are forecast to grow, but not significantly.

Revenue vs Market: HDB's revenue is expected to decline over the next 3 years (-0.01% per year).

High Growth Revenue: HDB's revenue is forecast to decline over the next 3 years (-0.01% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: HDB's Return on Equity is forecast to be low in 3 years time (15.5%).

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HDFC Bank Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Recent updates

MUFG Reportedly Likely to Sweeten $1.7 Billion Offer for HDB Finance

HDFC Bank: The Jury Is Still Out, Although The Risk-Reward Is In A Better Place

HDFC Bank Limited Announces Change in Management

HDFC Bank Limited Announces Executive Changes

HDFC Bank Limited to Report Fiscal Year 2024 Results on Apr 20, 2024

HDFC Bank Limited Announces Cessation of Umesh Chandra Sarangi as Independent Director

HDFC Bank Limited (NSEI:HDFCBANK) agreed to acquire 9.5% stake in IndusInd Bank Limited (NSEI:INDUSINDBK).

Jio Financial Services Reportedly Eying Paytm Wallet Business

HDFC Bank: Why The $21bn Rout Was Not Unjustified

HDFC Bank Limited announced that it has received $500 million in funding from MUFG Bank, Ltd.

HDFC Bank Limited to Report Q3, 2024 Results on Jan 16, 2024

HDFC Bank Limited's Board Approves Appointment of Dr. Harsh Kumar Bhanwala as an Additional Independent Director

HDFC Bank Limited's Board Approves Appointment of Dr. Harsh Kumar Bhanwala as an Additional Independent Director

Hdfc Bank Limited Announces Appointment of V. Srinivasa Rangan as Executive Director

HDFC Bank: Cleaning Out The Closet

Hdfc Bank Limited Announces Appointment of Chief of Internal Vigilance Changes

HDFC Bank Limited Announces Executive Changes

HDFC Bank Limited to Report Q2, 2024 Results on Oct 16, 2023

HDFC Bank Limited Announces Chief Compliance Officer Changes

HDFC Bank: Merger Done, A New Chapter Begins (Rating Downgrade)

HDFC Bank Limited Announces Cessation of Sanjiv Sachar as Independent Director

HDFC Bank: A Bet On The Rapid Emergence Of India

HDFC Bank Limited, Annual General Meeting, Aug 11, 2023

An unknown buyer executed an agreement to acquire 9.95% stake in Softcell Technologies Global Private Limited from HDFC Bank Limited (NSEI:HDFCBANK) for INR 99.5 million.

HDFC Bank: Market's Attention Is On Pending Merger

HDFC Bank Limited to Report Q3, 2023 Results on Jan 14, 2023

HDFC Bank Limited (NSEI:HDFCBANK) agreed to acquire unknown minority stake in Mintoak Innovations Private Limited for approximately INR 100 million.

HDFC Bank Promotes Jahid Ahmed to Senior VP & Digital Marketing Head

HDFC Bank Limited Announces Director Changes

An unknown buyer executed an agreement to acquire 3.21% stake in Lentra AI Private Limited from HDFC Bank Limited (NSEI:HDFCBANK) for approximately INR 540 million.

HDFC Bank: Steady As She Goes

HDFC Bank GAAP EPS of ₹19.00, core net revenue of ₹28,869.8 crore

HDFC Bank Limited to Report First Half, 2023 Results on Oct 15, 2022

HDFC Bank: Sustainability At Its Core

HDFC Bank Limited (NSEI : HDFCBANK) agreed to acquire 9.54% stake in Perfios Account Aggregation Services Private Ltd. for INR 40.3 million

HDFC Bank: Best-In-Class Indian Bank Weighed Down By Transitory Headwinds

HDFC Bank Limited to Report Q1, 2023 Results on Jul 16, 2022

HDFC Bank Limited, Annual General Meeting, Jul 16, 2022

HDFC Bank Limited Recommends Dividend for the Year Ended March 31, 2022

HDFC Bank Limited to Report Fiscal Year 2022 Results on Apr 23, 2022

HDFC Bank Limited (NSEI:HDFCBANK) entered into scheme of amalgamation to acquire Housing Development Finance Corporation Limited (BSE:500010) for approximately INR 4580 billion.

HDFC Bank: Turning A New Chapter Post RBI Restrictions

HDFC Bank Limited to Report Q4, 2022 Results on Apr 16, 2022

HDFC Bank Limited Announces the Resignation of Srikanth Nadhamuni as Non-Executive (Non-Independent) Director

HDFC: Well Positioned To Profit From India's Economic Upswing

HDFC Bank: Long-Term Growth Potential Overshadowed By Short-Term Challenges

5 Lenders Reportedly in Race for Citi India's Retail Business

With Banks Getting Ready To Kick Off Earnings Season, I Like HDFC Bank Better Than Most

HDFC Bank Limited to Report Fiscal Year 2021 Results on Apr 17, 2021

HDFC Bank Limited Informs That Mrs. Shyamala Gopinath Ceased to Be the Part-Time Chairperson and Independent Director

HDFC Bank Limited Announces Management Changes

HDFC Bank: Favor Quality On The Recovery Path

HDFC Bank Limited Announces the Retirement of Aditya Puri as Managing Director of the Bank

HDFC Bank Limited Approves Appointment of Sashidhar Jagdishan as Chief Executive Officer, Effective October 27, 2020

Rosen Law Firm Reminds HDFC Bank Limited Investors of Important Deadline in Securities Class Action; Encourages Investors with Losses in Excess of $100,000 to Contact the Firm – HDB

Avenue India Resurgence Private Limited cancelled the acquisition of unknown stake in Asset Reconstruction Company (India) Limited from HDFC Bank Limited (NSEI:HDFCBANK) and Housing Development Finance Corporation Limited (BSE:500010).

Bernstein Liebhard Reminds Investors of the Deadline to File A Lead Plaintiff Motion in A Securities Class Action Lawsuit Against HDFC Bank Limited

Pomerantz Law Firm Reminds Shareholders with Losses on Their Investment in HDFC Bank Limited of Class Action Lawsuit and Upcoming Deadline

HDFC Bank Limited Announces Change of CEO

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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