HDFC Bank is set to release its financial performance for the quarter ending December 2024 (Q3FY25) today, January 22. As investors await the results, the HDFC share price is trading flat, down by 0.14%, at Rs 1,641.70 during the intraday session.
HDFC Bank Vs Nifty 50: Stock performance over the time
Looking at the stock’s performance over various timeframes, the share price of HDFC Bank posted mixed results in recent weeks and months.
The share price of HDFC Bank over the past 5 days has fallen by 0.76%, trading at Rs 1,639.95. On a monthly basis, the stock saw a dip of 8.68%
Meanwhile, in the past 6 months, HDFC Bank has gained slightly, with a marginal increase of 0.12% and over the past year, the stock has posted a modest rise of 0.12%.
To compare it with the Nifty 50, in the past 5 days, the Nifty 50 has fallen by 1.43%, while in the last 6 months, it has dropped by 6.11%. However, over the past year, the index has gained 8.36%.
HDFC Bank: Key highlights of the stock metrics
HDFC Bank has a market capitalisation of Rs 12.55 lakh crore, with a Price-to-Earnings (P/E) ratio of 18.10 and a dividend yield of 1.19%.
The stock’s 52-week high stands at Rs 1,880.00, while its 52-week low is Rs 1,363.55. The current share price of Rs 1,641.70 is approximately 12.7% away from reaching its 52-week high.
HDFC Bank: Timing of the earnings announcement
Investors are closely watching today’s earnings announcement, as it will highlight the bank’s financial health and the future prospectus.
In an exchange filing on December 16, the company said, “We wish to inform you that a meeting of the Board of Directors of HDFC Bank Limited (“the Bank”) is scheduled to be held on Wednesday, January 22, 2025 to inter-alia consider and approve the unaudited standalone and consolidated financial results of the Bank for the quarter and nine months ending December 31, 2024.”
HDFC Bank: Q2FY25 Performance
In the previous quarter, Q2FY25, HDFC Bank reported a 5.3% YoY surge in net profit, reaching Rs 16,820 crore. Furthermore, the private lender reported a growth in its net interest income (NII) and reduced provisions.
On a sequential basis, the lender’s net profit rose by 4% from Rs 16,175 crore in Q1FY25. The bank’s NII for Q2FY25 stood at Rs 30,110 crore, reflecting a 10% YoY growth. Its net interest margin (NIM) remained stable at 3.46%, slightly down from 3.47% in the previous quarter.
Expectations for Q3FY25
Brokerage firms and analysts have projected a modest quarter for HDFC Bank in Q3FY25, expecting single-digit growth in profits. The brokerages predict a growth of 8.1-8.4% in NII, with the range estimated to be between Rs 30,778 crore and Rs 30,887 crore.