HDFC Bank Q1 FY25 Results: Net profit grows 35% to Rs 16,175 crore, beats estimates; NII soars 26%

HDFC Bank Q1 FY25 Results: HDFC Bank - the country's largest private sector lender - on Saturday reported a standalone net profit of Rs 16,174.8 crore for the April-June period, marking growth of 35.3 per cent compared with the corresponding period a year ago. Its net interest income (NII) - or the difference between the interest earned and the interest paid - grew 26.4 per cent on a year-on-year basis, to Rs 29,837.1 crore, according to a regulatory filing. 

Both net profit and NII exceeded analysts' expectations. 

According to Zee Business research, the private sector banking giant's first-quarter net profit was estimated at Rs 15,915 crore and NII at Rs 29,635 crore.

HDFC Bank Shares | Asset quality 

The private sector lender's asset quality deteriorated, as reflected in its gross non-performing assets (NPAs) as a percentage of total loans increasing to 1.33 per cent from 1.24 per cent in the January-March period. Its net non-perfmring assets (NNPAs) also increased, to 0.39 per cent in the April-Iune period from 0.33 per cent in the previous quarter. 

HDFC Bank Shares | Historical performance

HDFC Bank shares have lost 5.0 per cent of their value in the last one year, sharply underperforming gains of 23 per cent and 13 per cent in the Nifty50 and Nifty Bank indices, respectively, as of July 19.

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