HDFC Bank to Release Q2FY25 Earnings Report on October 19

HDFC Bank to Release Q2FY25 Earnings Report on October 19

HDFC Bank has scheduled the announcement of its second-quarter financial results for the fiscal year 2025 on October 19, 2024. According to a regulatory filing, the Bank's Board of Directors will convene on that date to review and approve the unaudited standalone and consolidated financial results for the quarter ending September 30, 2024.

The bank also announced that, in compliance with Securities and Exchange Board of India (SEBI) regulations, the trading window for transactions in the bank’s securities will be closed from September 24, 2024, to October 21, 2024, for designated employees, directors, and other relevant individuals.

In its previous earnings report for Q1FY25, released in July, HDFC Bank reported a standalone profit of Rs 16,174.75 crore, marking a substantial 35.3% increase from Rs 11,951.77 crore in the same period the previous fiscal year. This performance exceeded analysts' expectations. The Bank also reported a Net Interest Income (NII) of Rs 29,837.1 crore for the first quarter. On a consolidated basis, the Bank’s profit for Q1FY25 was Rs 16,474.85 crore.

Regarding asset quality, HDFC Bank's gross Non-Performing Assets (NPA) stood at Rs 33,035.69 crore, with a net NPA of Rs 9,508.44 crore for the quarter ending June 2024. The gross NPA ratio for Q1FY25 was recorded at 1.33%, compared to 1.17% in the same quarter of FY24, while the net NPA ratio was 0.39%, up from 0.30% a year earlier.

As of June 30, 2024, HDFC Bank’s network comprised 8,851 branches and 21,163 ATMs across 4,081 cities. The Bank also reported having 15,146 business correspondents, largely operated by Common Service Centres (CSCs). In terms of workforce, HDFC Bank employed 2,13,069 individuals as of June 30, 2024, an increase from 1,81,725 employees at the end of Q1FY24.