Share the post "HDFC Bank announced Financial Results Q1 2024"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Revenue over the Year and quarter: The company experienced a substantial growth of 59.37 % in the past year, substantial increase in revenue by 2.66 %.
- Profit over the Year and quarter: Significant improvement in profitability for HDFC Bank Ltd.. Notable increase of 38.58 % in net profit Year to Year, HDFC Bank Ltd.‘s profitability dropped by -2.46 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -2.17 % Year to Year. EPS decreased by -6.59 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Revenue | Rs. 51168.14 Cr | Rs. 79433.61 Cr | Rs. 81546.2 Cr | + 2.66 % | + 59.37 % |
| Interest | Rs. 25954.76 Cr | Rs. 43691.51 Cr | Rs. 44579.5 Cr | + 2.03 % | + 71.76 % |
| Expenses | Rs. 18469.81 Cr | Rs. 62938.45 Cr | Rs. 49689.62 Cr | -21.05 % | + 169.03 % |
| Financing Profit | Rs. 6743.57 Cr | Rs. -27196.35 Cr | Rs. -12722.92 Cr | + 53.22 % | -288.67 % |
| Financing Margin % | 13.18 % | -34.24 % | -15.6 % | + 18.64 % | -28.78 % |
| Other Income | Rs. 9853.15 Cr | Rs. 44567.25 Cr | Rs. 35450.29 Cr | -20.46 % | + 259.79 % |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. 16596.72 Cr | Rs. 17761.39 Cr | Rs. 22727.37 Cr | + 27.96 % | + 36.94 % |
| Tax % | 25.27 % | -1.42 % | 24.37 % | + 25.79 % | -0.9 % |
| Net Profit | Rs. 12403.25 Cr | Rs. 17622.38 Cr | Rs. 17188.05 Cr | -2.46 % | + 38.58 % |
| EPS in Rs | Rs. 22.03 | Rs. 23.12 | Rs. 21.59 | -6.62 % | -2 % |
| Gross NPA % | 0 % | 0 % | 0 % | % | % |
| Net NPA % | 0 % | 0 % | 0 % | % | % |
Today, we’re looking at ‘ . HDFC Bank Ltd. . ‘‘s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year revenue growth of 59.37 %. However, it did see a marginal increase of 2.66 % from the previous quarter. Interest expenses surged remarkably by 2.03 % from the previous quarter, yet the year-over-year increase remains at a moderate 71.76 %. Expenses decreased slightly by -21.05 % quarter-on-quarter, aligning with the annual rise of 169.03 %.
Financing profit, while down -288.67 % compared to last year, faced a quarter-on-quarter increase of 53.22 %, signaling a short-term expansion in margins. The Financing Margin % contradicts this narrative, showing weakness on an annual basis with a decrease of -28.78 %, but an expansion of 18.64 % sequentially. Other income fell by -20.46 % compared to the last quarter, despite an annual growth of 259.79 %. Profit before tax grew annually by 36.94 % but saw an increase from the preceding quarter by 27.96 %. Tax expenses as a percentage of profits decreased slightly by -0.9 % compared to last year, With a more notable quarter-on-quarter increase of 25.79 %.
Net profit rose by 38.58 % year-on-year, but witnessed a -2.46 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -2 % but a quarterly fall of -6.62 %. In summary, HDFC Bank Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Revenue | Rs. 51168.14 Cr | Rs. 79433.61 Cr | Rs. 81546.2 Cr | + 2.66 % | + 59.37 % |
| Interest | Rs. 25954.76 Cr | Rs. 43691.51 Cr | Rs. 44579.5 Cr | + 2.03 % | + 71.76 % |
| Expenses | Rs. 18469.81 Cr | Rs. 62938.45 Cr | Rs. 49689.62 Cr | -21.05 % | + 169.03 % |
| Financing Profit | Rs. 6743.57 Cr | Rs. -27196.35 Cr | Rs. -12722.92 Cr | + 53.22 % | -288.67 % |
| Net Profit | Rs. 12403.25 Cr | Rs. 17622.38 Cr | Rs. 17188.05 Cr | -2.46 % | + 38.58 % |
| EPS in Rs | Rs. 22.03 | Rs. 23.12 | Rs. 21.59 | -6.62 % | -2 % |
In reviewing ‘ . HDFC Bank Ltd. . ‘‘s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Revenue saw a robust 59.37 % year-on-year growth, however, there was a minor increase of 2.66 % from the previous quarter. Interest expenses climbed by 2.03 % quarterly and sharply by 71.76 % annually, demonstrating effective cost control and improved debt management. Expenses rose by 169.03 % compared to the previous year, with a decrease of -21.05 % quarter-on-quarter. Financing Profit dropped by -288.67 % annually, and saw a 53.22 % increase from the last quarter.
Net Profit showed yearly increase of 38.58 %, and experienced a -2.46 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -2 % annually, however dipped by -6.62 % compared to the last quarter. In essence, while HDFC Bank Ltd. faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
