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HDFC Bank Ltd share Price

Company details

6M Return -3.87%
1Y Return 10.41%
Mkt Cap.(Cr) 1,150,459.16
Volume 16,026,891
Div Yield 0.92%
OI Chg %
Volume 16,026,891

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In line Q4; investment in infrastructure to drive growth
Treasury loss drags PAT; outlook remains healthy

    HDFC Bank is a leading private sector bank with consistent growth and operational performance over various cycles. The bank has maintained superior return ratios compared to its peers resulting in premium valuations.

    • Largest private sector bank with loan book of ₹ 13.9 lakh crore
    • Consistent performance with +4% NIM and +15% RoE in past many years

    Treasury loss impact PAT, slippages elevated; mixed operations.

    • Loans were up 21.6% YoY at ₹ 13.9 lakh crore; deposits up 19.2% YoY
    • NII up 14.5% YoY, NIM stable QoQ at 4.0%, C/I at 40.6% vs 38.3% QoQ
    • Credit cost at 0.91%, PAT up 19% YoY at ₹ 9196 crore
    • GNPA up 11 bps QoQ to 1.28%, restructured book at 89 bps

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HDFC Bank announced Q1FY24 results:

  • Consolidated Q1FY24:
    • The Bank's consolidated net revenue grew by 25.9% to Rs 35,067 crore for Q1FY24 from Rs 27,844 crore for Q1FY23.
    • The consolidated net profit for Q1FY24 was Rs 12,370 crore, up 29.1%, over Q1FY23.
    • EPS for Q1FY24 was at Rs 22.2 and book value per share as of June 30, 2023, was Rs 542.7
  • Standalone Q1FY24:
    • The Bank's net revenue grew by 26.9% to Rs 32,829 crore for Q1FY24 from Rs 25,870 crore for Q1FY23.
    • Net interest income (interest earned less interest expended) for Q1FY24, grew by 21.1% to Rs 23,599 crore from Rs 19,481 crore for Q1FY23. The core net interest margin was at 4.1% on total assets, and 4.3% based on interest-earning assets.
    • Other income, excluding net trading and mark-to-market income, grew by 16.2% over Q1FY23.
    • Operating expenses for Q1FY24 were Rs 14,057 crore, an increase of 33.9% over Rs 10,502 crore during Q1FY23. The cost-to-income ratio for the quarter was at 42.8%.
    • The total credit cost ratio was at 0.70%, as compared to 0.91% for Q1FY23.
    • Profit before tax (PBT) for Q1FY24 was at Rs 15,912 crore. After providing Rs 3,960 crore for taxation, the Bank earned a net profit of Rs 11,952 crore, an increase of 30.0% over Q1FY23.
    • Total balance sheet size as of June 30, 2023 was % 25,01,693 crore as against Rs 21,09,772 crore as of June 30, 2022, a growth of 18.6%.

Result PDF

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Investment recommendation
In line Q4; investment in infrastructure to drive growth
Call Date
17 Apr 2023
Entry Price 1,684.00
Target Price 1,970.00
12-18 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax



Equity Capital: 247,326.17 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 11,335.64 -17,804.06
LAST 3M 47,117.37 -471.49
LAST 6M 52,173.28 142,982.97
LAST 12M 128,656.49 169,390.95
HDFC Bank Limited - Appointment

Sep 29, 2023 l NSE Announcement

HDFC Bank announces change in Chief Compliance Officer

Sep 29, 2023 l BSE Announcement

Date Action Type Ratio
May 16, 2023 Dividend 1900
May 12, 2022 Dividend 1550
Jun 29, 2021 Dividend 650

HDFC Bank Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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 India's 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

Datamatics Financial Services

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

FAQ’s on HDFC Bank Ltd Shares

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 Sep 29, 2023 04:00 PM the closing price of HDFC Bank Ltd was ₹ 1,526.30.

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 Sep 29, 2023 04:00 PM, the market cap of HDFC Bank Ltd stood at ₹ 1,150,459.16.

The latest PE ratio of HDFC Bank Ltd as of Sep 29, 2023 04:00 PM is 23.7

The latest PB ratio of HDFC Bank Ltd as of Sep 29, 2023 04:00 PM is 0.27

The 52-week high of HDFC Bank Ltd is ₹ 1,757.50 while the 52-week low is ₹ 1,384.00

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

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