HDFC Bank Q3 FY25 Results: PAT rises over 2%, beats Street expectations

HDFC Bank Q3 Earnings: HDFC Bank on Wednesday reported a standalone net profit of Rs 16,735.5 crore for the quarter ended December 31, marking growth of 2.2 per cent over the corresponding period a year ago. The lender’s numbers surprised the Street, as analysts had anticipated a marginal year-on-year decline in its net profit.

According to Zee Business research, the private sector lender was estimated to register a net profit of Rs 16,201 crore for the October-December period.

The bank's net interest income (NII)—or the difference between the interest earned and the interest paid—increased to Rs 30,653.3 crore from Rs 28,471.3 crore a year ago, translating to year-on-year growth of 7.7 per cent, according to a regulatory filing.

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Zee Business analysts had pegged HDFC Bank's third-quarter NII at Rs 30,197 crore.

HDFC Bank Earnings | Asset quality deteriorates

HDFC Bank's latest quarterly earnings showed a decline in the lender's asset quality.

Its non-performing assets (NPAs) as a percentage of total loans—a measure of asset quality—stood at 1.42 per cent in the quarter ended December 31, rising from 1.36 per cent for the previous three months and 1.26 per cent in the third quarter of FY24.

Similarly, net bad loans as a percentage of total loans increased to 0.46 per cent in Q3 of FY25, from 0.41 per cent in Q2 of FY25 and 0.31 per cent in Q3 of FY24.

HDFC Bank shares rose as much as 1.5 per cent moments after the earnings announcement.

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