HDFC Bank Ltd.

NSE: HDFCBANK | BSE: 500180 | ISIN: INE040A01034 | Industry: Banks
| Turnaround Potential
1978.7000 29.10 (1.49%)
NSE Jun 06, 2025 15:31 PM
Volume: 15.1M
 

1978.70
1.49%
Prabhudas Lilladhar
HDFCB saw soft quarter as core PAT was 3.0% lower to PLe due to lower fees and NII. Adjusted for tax refund, NIM at 3.53% was 4bps lower to PLe. However, asset quality was better as GNPA declined by ~8bps QoQ to 1.33% owing to lower net slippages. LDR declined over FY24 to FY25 from 104.5% to 96.5% but further reduction may happen at a slower pace in FY26 as credit growth would pick-up. Bank has guided to reach LDR of 85-90% in FY27; we are factoring LDR to reach 92.5%/89.0% in FY26/27E which would imply a loan CAGR of 10%. Due...
Number of FII/FPI investors increased from 3803 to 3827 in Mar 2025 qtr.
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