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Company details

1,486.00
1,519.90
1,363.55
1,757.50
6M Return -0.27%
1Y Return -7.33%
Mkt Cap.(Cr) 1,152,603.34
Volume 15,530,103
Div Yield 1.29%
OI
-
OI Chg %
-
Volume 15,530,103

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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.

Result PDF

View Other Company Results

HDFC Bank shares SWOT Analysis

Strengths (8)

  • MACD Crossover Above Signal Line
  • Good quarterly growth in the recent results
  • Effectively using its capital to generate profit - RoCE improving in last 2 years

Weakness (4)

  • Companies with High Debt
  • Rising other income, and low operating income
  • Low Piotroski Score : Companies with weak financials

Opportunity (3)

  • Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE
  • Street Favorite: High Analyst Rating with at least 20% upside
  • RSI indicating price strength

Threats (2)

  • Increase in NPA in Recent Results
  • Increase in Provisions in Recent Results

Resistance and support

R1 1,529.4
R2 1,541.6
R3 1,563.3
Pivot

1,507.70

S1 1,495.5
S2 1,473.8
S3 1,461.6
EMA SMA
1,480.8
1,484.0
1,496.5
1,522.0
1,484.1
1,484.0
1,490.9
1,530.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
STICHTING PENSIOENFONDS RAIL & OPENBAAR VERVOER Block Purchase 2024-04-09 1546.6 409783 NSE
STICHTING CUST ROBECO INST RE:CALYP Block Sell 2024-04-09 1546.6 409783 NSE
SOCIETE GENERALE Block Purchase 2024-01-25 1455.9 176418 BSE
Data not found

OUR RESEARCH VIEW

Investment recommendation
One-off gains utilized to strenghten balance sheet
Call Date
22 Apr 2024
Entry Price 1,531.00
Target Price 1,850.00
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

HDFC Bank Stocks Comparison

Financials( in Cr) HDFC Bank Ltd ICICI Bank Ltd State Bank of India Axis Bank Ltd Kotak Mahindra Bank Ltd
Price 1,517.20 1,131.95 828.60 1,174.00 1,703.45
% Change 1.65 -0.22 -0.42 0.75 -0.33
Mcap Cr 1,152,603.34 794,893.32 739,493.35 362,363.32 338,632.40
Revenue TTM Cr 170,754.05 121,066.81 350,844.58 87,448.37 42,151.06
Net Profit TTM Cr 46,148.70 34,463.03 56,558.43 10,852.66 14,780.44
PE TTM 17.98 17.97 10.22 13.74 18.59
1 Year Return -7.33 18.73 42.47 28.15 -11.35
ROCE 0.00 0.00 0.00 0.00 0.00
ROE 17.20 17.66 18.44 8.75 14.14
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 289,437.50 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,248.28 -22,040.96
LAST 3M 102,638.29 -30,717.76
LAST 6M 167,920.74 50,623.85
LAST 12M 262,867.28 126,756.31
HDFC Bank Limited - Other General Purpose

May 23, 2024 l NSE Announcement

HDFC Bank Limited - Loss of Share Certificates

May 22, 2024 l NSE Announcement

HDFC Bank Limited - Loss of Share Certificates

May 21, 2024 l NSE Announcement

Date Action Type Ratio
May 10, 2024 Dividend 1950
May 16, 2023 Dividend 1900
May 12, 2022 Dividend 1550

HDFC Bank Information

Stock PE (TTM)
17.98
Promoter Holding
0%
Book Value
597.2724
ROE
17.2%
Description
  • HDFC Bank Limited is engaged in the banking sector. The company has its market capitalization worth INR 7,87,472.56 crore as of 16th April 2021. The company was incorporated in 1994. The company has reported quarterly revenue of INR 30,079.70 crore at the end of December 2020. This company is listed on the Bombay Stock Exchange (BSE), having the code 500180 and on the National Stock Exchange (NSE) with the symbol HDFCBANK. HDFC Bank is headquartered in Mumbai. It is one of Indias largest private sector banks by assets having 5,485 branches and 14,533 ATMs spread across 2,866 cities and towns. Housing Development Finance Corporation Ltd incorporated the company. The first received approval from the Reserve Bank of India to set up a bank in the private sector. In 1995, the company commenced its operation as a Scheduled Commercial bank. HDFC Bank is a modern generation private sector bank that provides a wide range of banking services that covers commercial and investment banking on the wholesale side. On the retail side, it gives services covering transactional/ branch banking. The company has two subsidiaries, namely HDFC Securities Ltd. and HDB Financial Services. The bank launched its online real-time net banking in 1999. The company was the first bank to launch an International Debit Card in partnership with VISA. The bank found a No-frills account, a basic saving account offered to the customer in 05-06. In 2008, the first overseas commercial branch of the bank was instituted in Bahrain. In 2014, the bank launched a service called the missed-call banking service, which allows the customers to use the banking services without having to visit the bank or connect online. The bank became the first-ever in the retail lending space to fully automate loan approval disbursement by launching their 10-second personal loan approval service in 2015. The overall number of customers covered by the bank as of March 31, 2020, was over 5.60 crore. During the year 2020, the bank was awarded the Asiamoney Best Bank Award 2020 for Best Domestic Bank. The company has been steadily increasing their net profit and has accumulated a net profit of Rs.31,857 crore in the FY March 2021.

Registered Address

HDFC Bank House, Senapati BapatMarg Lower Parel, Mumbai, Maharashtra, 400013

Tel : 91-22-66521000/3976 0000
Email : shareholder.grievances:hdfcbank.com
Website : http://www.hdfcbank.com
Registrar

Datamatics Financial Services

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 500180
NSE Code : HDFCBANK
Book Closure Date (Month) :
BSE Group : A
ISIN : INE040A01034

HDFC BANK SHARES FAQs

You can buy HDFC Bank Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy HDFC Bank Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 24, 2024 03:59 PM the closing price of HDFC Bank Ltd was Rs.1,517.20.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 24, 2024 03:59 PM, the market cap of HDFC Bank Ltd stood at Rs. 1,152,603.34.

The latest PE ratio of HDFC Bank Ltd as of May 24, 2024 03:59 PM is 17.98

The latest PB ratio of HDFC Bank Ltd as of May 24, 2024 03:59 PM is 0.39

The 52-week high of HDFC Bank Ltd share price is Rs. 1,757.50 while the 52-week low is Rs. 1,363.55

According to analyst recommendations, HDFC Bank Ltd Share has a "Buy" rating for the long term.

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