Invest
HDFC Bank announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
Consolidated Financial Results:
- Net Revenue: Consolidated net revenue surged by 133.6% to Rs 807.0 billion for Q4FY24 compared to Rs 345.5 billion in Q4FY23.
- Profit After Tax (PAT): Reported a 39.9% increase with a PAT of Rs 176.2 billion for Q4FY24 versus the same period last year.
- Earnings Per Share (EPS): For Q4FY24, EPS stood at 23.2.
Standalone Numbers:
- Net Revenue: Grew by 47.3% to Rs 472.4 billion for Q4FY24.
- Net Interest Income (NII): For Q4FY24, NII increased by 24.5% to Rs 290.8 billion.
- Core Net Interest Margin: Recorded at 3.44% on total assets, and 3.63% based on interest-earning assets.
- Other Income: Totaled Rs 181.7 billion for Q4FY24, a considerable rise from Rs 87.3 billion in Q4FY23.
- Operating Expenses: Climbed 33.5% to Rs 179.7 billion for Q4FY24, including staff ex-gratia provision of Rs 15 billion.
- Cost-to-Income Ratio: Maintained at 38.0%, adjusted to 41.3% without certain gains and provisions.
- Provisions and Contingencies: Rs 135.1 billion for Q4FY24, comprising Rs 109.0 billion in floating provisions.
- Credit Cost Ratio: Excluding floating provisions was at 0.42% for Q4FY24.
- PAT: Reached Rs 165.1 billion, marking a 37.1% increase from Q4FY23.
- Retail Loans: Saw a substantial hike of 108.9%.
- Corporate and Wholesale Loans: Gained 4.2%.
FY24 Financial Highlights:
- Net Revenue: Grew to Rs 1,577.7 billion from Rs 1,180.6 billion in the previous year.
- Net Interest Income: Crossed Rs 1 trillion, up by 25% from Rs 1085.3 billion in the previous year.
- Book Value Per Share: As of March 31, 2024, was Rs 600.8.
- Consolidated PAT: For the year ended March 31, 2024, was Rs 640.6 billion, a 39.3% uptick over the previous year.
- Annual PAT: For the year ended March 31, 2024, was Rs 608.1 billion, a 37.9% uptick over the previous year.
- Total balance sheet size: Grew to Rs 36,176 billion from Rs 24,661 billion in the previous year.
- Total Deposits: Increased by 26.4% to Rs 23,798 billion.
- Gross Advances: Jumped by 55.4% to Rs 25,078 billion.
- Capital Adequacy Ratio was at 18.8% as on March 31, 2024 as against 19.3% on March 31, 2023.
- Gross Non-performing Assets (GNPA): Improved slightly to 1.24% from 1.26% in the previous quarter.
Network Expansion:
-
The Bank expanded its branch network to 8,738 and its ATM count to 20,938 across 4,065 cities/towns.
HDFC BANK SHARES FAQs
