HDFC Bank Ltd (NYSE:HDB)

$ 64.24 1.73 (2.77%) Market Cap: 163.63 Bil Enterprise Value: 230.28 Bil PE Ratio: 20.14 PB Ratio: 1.93 GF Score: 87/100

Q1 2025 HDFC Bank Ltd Earnings Call Transcript

Jul 20, 2024 / 12:30PM GMT

Transcript

Key Points

Positve

HDFC Bank Ltd (HDB) has maintained stability in key metrics such as NIMS, CASA ratios, cost to income, GNPA, and ROEs despite a challenging environment.
The bank has seen a steady build-up in average deposits, indicating resilience and a secular upward trend.
HDFC Bank Ltd (HDB) has added 2.2 million new customer relationships in the quarter, showing strong ground-level activity.
The bank's inflows from various products and deposits have been increasing, with monthly inflows up over 20% compared to the same period last year.
HDFC Bank Ltd (HDB) has been disciplined on pricing, avoiding rate competition and focusing on engagement and service delivery to win customers.

Negative

The bank's net accretion to deposits has fallen short of expectations, partly due to unexpected flows in current accounts.
There has been a significant drop in borrowings over the last two quarters, which may impact the bank's leverage and growth potential.
The unsecured personal loan growth has been sharply lower than some peers, indicating a conservative approach that may limit market share gains.
The bank has faced challenges in meeting PSL obligations, particularly in the small and marginal farmer category, which could impact compliance costs.
There has been a slowdown in fee income growth, with a significant portion of the growth coming from third-party products, indicating potential challenges in core banking revenue streams.

Operator

Ladies and gentlemen, good day, and welcome to HDFC Bank Limited Q1 FY25 earnings conference call on the financial results presented by the management of HDFC Bank. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Srinivasan Vaidyanathan, Chief Financial Officer, HDFC Bank. Thank you and over to you.

Srinivasan Vaidyanathan

HDFC Bank Ltd - Chief Financial Officer

Okay, thank you (inaudible). Good evening and a warm welcome to all the participants. We have Shashi Jagadishan, our MD and CEO with us today. Without much ado, I'll hand it off to him to get meeting started, and then we'll take it from there. Shashi, over to you, please.

Sashidhar Jagdishan

HDFC Bank Ltd - Chief Executive Officer, Managing Director, Executive Director

Thank you, Srini and good evening to all of you. Yes, sort of engaging with you all after a quarter, just wanted to recap some of the guidance that we have been giving in the past couple of quarters. One of the things

Already have an account? Log in

Get the full story

Start 7-Day Free Trial

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

You are not charged until the trial ends. Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.