HDFC Bank Q3 Results: 10-Key Things to Know From Quarterly Results

HDFC Bank posted a 2.2% rise on-year in standalone net profit to Rs 16,736 crore.

NII grew 8% YoY to Rs 30,690 crore during the quarter, in line with expectations.

Gross non-performing assets (GNPA) increased to Rs 36,019 crore as of December 31, 2024, up 16 percent from Rs 31,012 crore a year ago.

GNPA ratio expanded by 18 basis points to 1.42% from 1.26% in the same period last year.

Net non-performing assets (NNPA) jumped 51% to Rs 11,588 crore, with the NNPA ratio increasing by 15 basis points to 0.46% from 0.31% YoY.

It stood at Rs 25.12 lakh crore as of December 31, 2024, registering a 14.5% YoY growth.

It rose 12.8% to Rs 20.86 lakh crore during the same period.

HDFC Bank share price rebounded from intraday lows to jump firmly into green, lifting benchmark indices. Soon after the Q3 results, HDFC Bank stock was trading up 1.3% at Rs 1,664 on NSE.

HDFC Bank's merger added a large pool of loans to its portfolio but a much smaller amount of deposits, putting it under pressure to increase the pace of raising deposits or slow loan growth, reported Reuters.

Over the past few months, it has offered retail loans for sale to reduce its loan-to-deposit ratio.