HDFC Bank Past Earnings Performance

Past criteria checks 4/6

HDFC Bank has been growing earnings at an average annual rate of 20.5%, while the Banks industry saw earnings growing at 7% annually. Revenues have been growing at an average rate of 29.9% per year. HDFC Bank's return on equity is 14.4%, and it has net margins of 25.1%.

Key information

20.5%

Earnings growth rate

14.3%

EPS growth rate

Banks Industry Growth	11.2%
Revenue growth rate	29.9%
Return on equity	14.4%
Net Margin	25.1%
Last Earnings Update	30 Sep 2024

Recent past performance 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

Revenue & Expenses Breakdown

How HDFC Bank makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:HDB Revenue, expenses and earnings (INR Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	2,761,061	691,810	497,327
30 Jun 24	2,663,374	681,665	490,024
31 Mar 24	2,288,379	640,620	466,645
31 Dec 23	1,933,224	590,341	382,157
30 Sep 23	1,380,478	488,373	400,201
30 Jun 23	1,206,281	487,884	213,612
31 Mar 23	1,130,321	459,971	311,333
31 Dec 22	1,063,617	438,457	275,843
30 Sep 22	994,716	418,044	284,323
30 Jun 22	960,154	397,098	257,277
31 Mar 22	911,858	380,528	247,646
31 Dec 21	875,561	360,435	230,873
30 Sep 21	828,142	335,679	238,776
30 Jun 21	804,006	328,281	218,397
31 Mar 21	777,974	318,332	214,970
31 Dec 20	752,659	306,796	202,493
30 Sep 20	774,294	323,507	204,536
30 Jun 20	715,435	285,051	199,700
31 Mar 20	712,309	272,540	196,865
31 Dec 19	698,242	262,745	186,794
30 Sep 19	665,892	239,671	196,742
30 Jun 19	646,879	232,001	174,084
31 Mar 19	620,129	223,324	168,591
31 Dec 18	592,785	213,133	97,199
30 Sep 18	561,237	206,261	157,917
30 Jun 18	543,546	193,450	120,337
31 Mar 18	523,911	185,100	151,373
31 Dec 17	500,618	177,508	150,436
30 Sep 17	477,325	169,916	149,499
30 Jun 17	459,245	161,086	144,722
31 Mar 17	441,166	152,256	139,946
31 Dec 16	422,287	144,819	133,426
30 Sep 16	403,409	137,382	126,905
30 Jun 16	388,419	132,697	119,113
31 Mar 16	373,429	128,013	111,320
31 Dec 15	355,511	122,182	109,875
30 Sep 15	337,593	116,351	108,429
30 Jun 15	322,081	111,620	100,749
31 Mar 15	306,570	106,889	93,069
31 Dec 14	293,499	101,394	92,390
30 Sep 14	280,428	95,900	91,710
30 Jun 14	268,616	91,667	86,867
31 Mar 14	256,803	87,435	82,024
31 Dec 13	245,716	82,209	82,780

Quality Earnings: HDB has high quality earnings.

Growing Profit Margin: HDB's current net profit margins (25.1%) are lower than last year (35.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: HDB's earnings have grown significantly by 20.5% per year over the past 5 years.

Accelerating Growth: HDB's earnings growth over the past year (41.7%) exceeds its 5-year average (20.5% per year).

Earnings vs Industry: HDB earnings growth over the past year (41.7%) exceeded the Banks industry -11.8%.

HDFC Bank Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

HDFC Bank Limited to Report Q2, 2025 Results on Oct 19, 2024

HDFC Bank Limited to Report Q1, 2025 Results on Jul 20, 2024

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

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

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

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

Recent updates

Hdfc Bank Appoints Santhosh Iyengar Keshavan as Independent Director

HDFC Bank: The Clouds Are Finally Clearing (Rating Upgrade)

HDFC Bank Limited (NSEI:HDFCBANK) acquired an additional minority stake in HDF.C Capital Advisors Limited for approximately INR 670 million.

Vama Sundari Investments (Delhi) Private Limited signed a letter of intent to acquire 91% stake in HDFC Education and Development Services Pvt. Ltd. from HDFC Bank Limited (NSEI:HDFCBANK) for INR 1.92 billion.

HDFC Bank Limited Appoints C R P Balasuriya as CEO for Sri Lanka

HDFC Bank Limited to Report Q2, 2025 Results on Oct 19, 2024

HDFC Reportedly in Talks with Global Banks to Offload $1 Billion in Loans

HDFC Bank Reportedly Plans to Sell $1.2 Billion of Loans Via Rare Debt Tool

HDFC Bank Rejects MUFG's $2 Billion Cheque for NBFC Arm

HDFC Bank: Focus On Fundamentals Over The Upcoming $2bn Catalyst

HDFC Bank Limited Approves Dividend for the Financial Year Ended March 31, 2024

HDFC Bank Limited Appoints Ajay Agarwal as Company Secretary (Key Managerial Personnel) and Compliance Officer

HDFC Bank Limited to Report Q1, 2025 Results on Jul 20, 2024

HDFC Bank Limited, Annual General Meeting, Aug 09, 2024

HDFC Bank: Negatives Are Priced In

Yudiz Solutions Limited Issues Legal Notice to HDFC Bank Limited

HDFC Bank Limited Announces Executive Changes

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