HDFC Bank’s profit after tax up 12.3% for 9M FY2024/25

For the quarter ended Dec 2024, consolidated PAT was 13.6% higher.

HDFC Bank’s profit after tax (PAT) is $5.75b (₹497.3b) for the nine-month period ending 31 December 2024, its latest financial statement showed.

Consolidated PAT for the period was $6b (₹519.6b), up 12.3% year-on-year (YoY).

Net revenue for the period— comprising net interest income plus other income) was $14.35b (₹1.2421t).

Earnings per share for the Q3 period that ended on 31 December 2024 was ₹23.1, and book value per share as of December 2024 was ₹656.6.

For the third quarter period that ended in December 2024, the India-based bank reported a PAT of ₹167.5b, whilst consolidated PAT was ₹176.6b. Adjusted for trading & mark to market gains, prior year one-off provisions, and prior year tax credits, HDFC Bank’s PAT for the quarter is up 13.6% YoY.

Operating expenses for the quarter rose 7.2% to over ₹171.1b.

Gross non-performing assets were 1.42% of gross advances as of 31 December 2024, rising from 1.35% as of 30 September 2024.

Net non-performing assets were 0.46% of net advances as of 31 December 2024.

(US$1 = INR86.53; as of 28 January 2025)