Tags: HDFC Bank Q4 Results 2024, HDFC Bank Financial Performance, HDFC Bank Quarterly Earnings, Private Bank Results, Indian Banking Sector
Meta Description: HDFC Bank’s Q4 FY24 results show 37% YoY PAT growth, robust deposit inflows, and a strong retail lending portfolio post-merger with HDFC Ltd. Get detailed financial insights here.
🧾 Introduction: HDFC Bank Posts Strong Q4 Results for FY24
India’s largest private sector lender, HDFC Bank, announced its Q4 FY24 results with a net profit of ₹165.1 billion, showcasing resilience and growth following the merger with HDFC Ltd. Here’s a detailed breakdown of its financial performance, business segments, and outlook.
💡 Key Financial Highlights – HDFC Bank Q4 FY24
- Net Profit: ₹165.1 billion – up 37.1% YoY
- Net Interest Income (NII): ₹290.8 billion – up 24.5% YoY
- Non-Interest Income: ₹181.7 billion – surged 108.1% YoY
- Net Revenue: ₹472.5 billion – up 47.3% YoY
- Earnings Per Share (EPS): ₹21.7 (Standalone), ₹23.2 (Consolidated)
- Return on Assets (RoA): 2.0% | Return on Equity (RoE): 15.4%
- Net Interest Margin (NIM): 3.4%
📈 Balance Sheet Strength
- Total Assets: ₹36.2 trillion
- Capital Adequacy Ratio (CAR): 18.8% | CET1 Ratio: 16.3%
- Liquidity Coverage Ratio (LCR): 115%
- Gross NPA: 1.24% | Net NPA: 0.33%
- Provisions: ₹135.1 billion, sharply higher due to prudential measures
💵 Business Growth: Deposits & Advances
- Total Deposits: ₹23.8 trillion – 7.5% QoQ growth
- CASA ratio stable at 38%
- Retail deposits up ₹1.29 trillion
- Gross Advances: ₹25.08 trillion – 1.6% QoQ growth
- Retail loans saw a 3.5% increase, led by mortgages and CRB
- Corporate loan book moderated slightly
👨👩👧👦 Retail Dominance & Branch Network Expansion
- Retail:Wholesale loan mix now at 55:45
- Branch network grew to 8,738 outlets
- Customer base expanded across metro, urban, and rural locations
🏦 Subsidiary Highlights – Q4 FY24 Performance
- HDB Financial Services: ₹6.6 billion PAT, NIM 7.6%, RoE 19.6%
- HDFC Life: ₹4.1 billion PAT, 14% YoY growth
- HDFC AMC: ₹5.4 billion PAT, AUM ₹6.1 trillion
- HDFC Securities: ₹3.2 billion PAT, 64% YoY jump
- HDFC ERGO: Net loss of ₹1.3 billion due to underwriting pressures
🌱 ESG and CSR Focus
- Target to achieve carbon neutrality by FY32
- 26% gender diversity; 100+ million CSR beneficiaries
- Received “Conscious Corporate of the Year” award by ET (2023)
📊 Conclusion: Future Outlook & Investor Insights
HDFC Bank’s Q4 FY24 performance highlights strong fundamentals, prudent provisioning, and retail-led growth. The integration with HDFC Ltd. is progressing smoothly, and the bank is well-positioned to lead the Indian banking sector with a sharp focus on deposits, digital growth, and ESG compliance.
