InvestorQ : How did you find the HDFC Bank quarterly results announced over the weekend?
Dhwani Mehta made post

How did you find the HDFC Bank quarterly results announced over the weekend?

Answer
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Dilmini Mercia answered.
4 weeks ago
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For the Mar-22 quarter, HFDC Bank reported 7.46% higher revenues yoy at Rs.43,960 crore. However, revenues were flat on QOQ basis. The bank witnessed sharp growth in retail banking and wholesale banking revenues, but treasury revenues took a hit. Net interest income (NII), a key metrics for banks, for fourth quarter grew 10.2% yoy to Rs.18,873 crore, which is low compared to the overall advances growth of 20.8% across loan segments.

 

HDFC Bank Ltd

 

 

 

 

Rs in Crore

Mar-22

Mar-21

YOY

Dec-21

QOQ

Total Income

₹ 43,960

₹ 40,909

7.46%

₹ 43,365

1.37%

Operating Profit

₹ 17,720

₹ 17,018

4.13%

₹ 18,034

-1.74%

Net Profit

₹ 10,443

₹ 8,434

23.82%

₹ 10,591

-1.40%

 

 

 

 

 

 

Diluted EPS

₹ 18.70

₹ 15.20

 

₹ 19.00

 

Operating Margins

40.31%

41.60%

 

41.59%

 

Net Margins

23.76%

20.62%

 

24.42%

 

Gross NPA Ratio

1.17%

1.32%

 

1.26%

 

Net NPA Ratio

0.32%

0.40%

 

0.37%

 

ROA (Not Annualized)

0.52%

0.50%

 

0.56%

 

Capital Adequacy

18.90%

18.80%

 

19.50%

 

 

Let me now turn to the operating performance of HDFC Bank for Q4. Operating profits for Q4 were up 4.13% at Rs.17,720 crore supported by NIMs at 4.2% on interest earning assets. While the liquidity coverage ratio stood at 112% the cost to income ratio of HDFC Bank was 38.3% in Q4. Operating margin or OPM contracted from 41.60% in Mar-21 quarter to 40.31% in Mar-22 quarter. OPMs tapered by 28 bps on a sequential basis.

On a yoy basis, the net profits were up 23.82% at Rs.10,443 crore, helped by stable NIMs and lower provisions. For Q4, provisions and contingencies were lower at Rs.3,312 crore compared to Rs.4,694 crore in Mar-21 quarter. Credit cost ratio was up 2 bps at 0.96% amidst rising yields. PAT margins improved from 20.62% to 23.76% on a yoy basis. The CASA deposits comprised 48.2% of the total deposits as of the close of the fourth quarter.

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