HDFC Bank’s share price rallied 2.6% to an intra-day high of Rs 1,841.95. It is the top gainer on the Nifty 50. The surge in the stock price came after the company reported its business update regarding Q4 FY25.
HDFC Bank: 14% jump in Q4 deposit growth
Its deposits grew 14.1% year-on-year in Q4 FY25, reported the country’s largest private sector lender, 5.9% sequentially to Rs 27.15 lakh crore. Its gross advances rose by 5.4% YoY and 4% quarter-on-quarter to Rs 26.44 lakh crore.
HDFC Bank: Loan outlook encouraging
In the current financial year, HDFC Bank securitised Rs 57,000 crore of advances and in Q4 alone, the bank securitised Rs 10,700 crore of loans.
Its average deposits were up almost 16% on year and 3.1% QoQ to Rs 25.28 lakh crore. The Current account savings account (CASA) deposits surged 5.7% YoY and 1.4% on quarter to Rs 8.29 lakh crore.
The Bank’s period end time deposits were Rs 17.70 lakh crore as of Q4 FY25, a growth of 20.3% YoY, compared to Rs 14.71 lakh crore as of Q4 FY24 and 4.7% sequentially over Rs 16.91 lakh crore as of December 31, 2024.
HDFC Bank Q3 results
The company posted a 2.2% rise in net profit to Rs 16,735.50 crore for the third quarter of Q3 FY25. Its net interest income (NII) rose 7.7% year-on-year to Rs 30,650 crore. Its other income was flat at Rs 11,450 crore. The private lender’s net interest margin (NIM) increased by 3.43% for Q3 FY25, a marginal dip compared to 3.5% in Q2 FY25. However, its provision and contingencies fell to Rs 3,150 crore in the third quarter of the current financial year as compared to Rs 4,220 crore in Q 3FY24.
HDFC Bank: Stock performance
The share price of HDFC Bank rose 1.4% in the last five trading sessions. It has given a return of more than 7% in the past one month and 11% in the previous six months. The stock has raised investors’ wealth by 20% in the last one year.