*HDFC Bank Limited: Financial Results (Indian GAAP) for the Quarter Ended June 30, 2025*
*23 July 2025-* HDFC Bank Limited reported its standalone financial results for the quarter ended June 30, 2025, as per Indian GAAP. The results, approved by the Board on July 19, 2025, underwent a limited review by statutory auditors.
Net revenue rose to ₹531.7 billion, including ₹91.3 billion in transaction gains from a partial divestment in HDB Financial Services Ltd’s IPO, up from ₹405.1 billion a year earlier. Net interest income grew 5.4% to ₹314.4 billion, while the core net interest margin was 3.35%, down slightly from 3.46% in the previous quarter.
Non-interest income stood at ₹217.3 billion, driven by ₹75.9 billion in fees and commissions, ₹16.3 billion in forex and derivatives revenue, ₹101.1 billion in trading gains, and ₹24.0 billion in other income. Operating expenses rose to ₹174.3 billion, and the cost-to-income ratio (excluding IPO gains) was 39.6%.
With a stable credit environment, the bank made floating provisions of ₹90.0 billion and additional contingent provisions of ₹17.0 billion. Total provisions rose to ₹144.4 billion from ₹26.0 billion a year ago. Profit before tax was ₹212.9 billion and profit after tax grew 12.2% to ₹181.6 billion.
The bank’s balance sheet expanded to ₹39,541 billion. Average deposits rose 16.4% to ₹26,576 billion, and CASA deposits increased 6.1% to ₹8,604 billion. End-of-period deposits were ₹27,641 billion, with CASA at 33.9%. Time deposits grew 20.6% year-on-year.
Average advances under management rose 8.3% to ₹27,423 billion. Gross advances were ₹26,532 billion, with retail loans up 8.1%, SME loans up 17.1%, and corporate/wholesale loans up 1.7%. Overseas advances made up 1.7% of the total.
Capital adequacy remained strong, with a CAR of 19.9%, Tier 1 at 17.8%, and CET 1 at 17.4%, well above regulatory norms. Risk-weighted assets were ₹27,158 billion.
The Board declared a special interim dividend of ₹5 per share (pre-bonus) and approved a 1:1 bonus share issue, subject to approvals.
The bank’s network grew to 9,499 branches and 21,251 ATMs across 4,153 cities/towns, with 51% in semi-urban and rural areas. Business correspondents stood at 15,322 and total employees numbered 2,18,822.
Gross NPAs were at 1.40% (1.14% excluding agricultural loans), slightly higher than 1.33% last year. Net NPAs stood at 0.47%.
HDB Financial Services, in which the bank holds a 74.2% stake, reported net revenue of ₹27.3 billion and net profit of ₹5.7 billion. Its loan book was ₹1,093 billion with Stage 3 loans at 2.56%. Its capital adequacy ratio was 20.2%, with Tier I at 15.7%
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