ALFA Finder| Revenue growth | Positive growth trajectory continues across corporate and SME segments. |
|---|---|
| Margins | Margins bottoming out; cost of funds optimization remains priority. |
| Demand visibility | Healthy credit demand observed across the system. |
| Management confidence | Balanced confidence, focusing on stability and minimizing leadership uncertainty. |
Growth
Deposit growth outperformed historical Q1 trends; Casa market share gained despite industry-wide household savings slowdown.
Outlook
Management targeting 60% retail asset mix and utilizing FCNR windows for stable funding.
Risks
Elevated non-granular deposit costs and aggressive competition in corporate lending compress margins.
Last quarter's promises, checked
Delivered
- System credit growth guide 10.5-11.5% → delivered 12% (= BEAT)
- Deposit growth faster than credit growth → delivered 14.4% vs 12% (= BEAT)
- Targeting 110-120% LCR range → delivered 114% (= BEAT)
Partly delivered
- Focus on granular retail deposits → delivered 47% of net accretion vs 31% prev (= PARTIAL)
Missed
- Targeted loan growth in line with industry → delivered 12% vs 15% industry avg (= MISS)
Earnings Call filed with NSE, NSE: HDFCBANK. Summary written with AI assistance from the document.
HDFC Bank Ltd: key numbers
- Share price
- ₹804.00
- Market cap
- ₹12,40,766 Cr
- Revenue (annual)
- ₹3,48,615 Cr
- Net profit (annual)
- ₹76,026 Cr
- P/E (TTM)
- 15.5×Sector 21.0×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 39.39%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from HDFC Bank Ltd
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- Execution
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- Execution
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