Hdfc Bk Ltd Financials

HDB

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2025 Currency USD FYE March

Financial Health Signals

Financial Profile 73/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Hdfc Bk Ltd's revenue surged 15.2% year-over-year to $25.6B, reflecting rapid business expansion. This strong growth earns a score of 72/100.

Leverage

Hdfc Bk Ltd carries a low D/E ratio of 0.76, meaning only $0.76 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 83/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

100

Hdfc Bk Ltd converts 51.6% of revenue into free cash flow ($13.2B). This strong cash generation earns a score of 100/100.

Returns

Hdfc Bk Ltd's ROE of 8.8% shows moderate profitability relative to equity, earning a score of 35/100. This is down from 9.0% the prior year.

Piotroski F-Score Neutral

5/9

Hdfc Bk Ltd passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.78x

For every $1 of reported earnings, Hdfc Bk Ltd generates $1.78 in operating cash flow ($14.0B OCF vs $7.9B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

This page shows Hdfc Bk Ltd (HDB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$25.6B

YoY+15.2%

5Y CAGR+23.4%

10Y CAGR+18.2%

Hdfc Bk Ltd generated $25.6B in revenue in fiscal year 2025. This represents an increase of 15.2% from the prior year.

EBITDA

N/A

Free Cash Flow

$13.2B

YoY+13.7%

5Y CAGR+45.5%

10Y CAGR+23.4%

Hdfc Bk Ltd generated $13.2B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 13.7% from the prior year.

Net Income

$7.9B

YoY+5.5%

5Y CAGR+18.0%

10Y CAGR+17.3%

Hdfc Bk Ltd reported $7.9B in net income in fiscal year 2025. This represents an increase of 5.5% from the prior year.

EPS (Diluted)

$1.04

YoY-1.0%

5Y CAGR+10.9%

10Y CAGR+4.8%

Hdfc Bk Ltd earned $1.04 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 1.0% from the prior year.

Cash & Debt

$23.2B

YoY-4.9%

5Y CAGR+22.6%

10Y CAGR+16.3%

Hdfc Bk Ltd held $23.2B in cash against $68.7B in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.26

YoY+13.0%

5Y CAGR+54.0%

10Y CAGR+7.2%

Hdfc Bk Ltd paid $0.26 per share in dividends in fiscal year 2025. This represents an increase of 13.0% from the prior year.

Shares Outstanding

7.65B

YoY+0.7%

5Y CAGR+6.9%

10Y CAGR+11.8%

Hdfc Bk Ltd had 7.65B shares outstanding in fiscal year 2025. This represents an increase of 0.7% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

30.8%

YoY-2.8pp

5Y CAGR-7.9pp

10Y CAGR-2.4pp

Hdfc Bk Ltd's net profit margin was 30.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.8 percentage points from the prior year.

Return on Equity

8.8%

YoY-0.2pp

5Y CAGR-5.0pp

10Y CAGR-4.5pp

Hdfc Bk Ltd's ROE was 8.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.2 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$777.2M

YoY+20.3%

5Y CAGR+26.2%

10Y CAGR+18.4%

Hdfc Bk Ltd invested $777.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 20.3% from the prior year.

HDB Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$25.6B+15.2%	$22.2B+61.6%	$13.8B+17.0%	$11.8B+10.0%	$10.7B+19.6%	$8.9B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$21.3B+16.0%	$18.4B+95.1%	$9.4B+22.5%	$7.7B-4.9%	$8.1B-1.3%	$8.2B
Income Tax	$2.0B+119.4%	$933.9M-53.8%	$2.0B+15.7%	$1.7B+12.3%	$1.6B+11.2%	$1.4B
Net Income	$7.9B+5.5%	$7.5B+23.9%	$6.0B+18.5%	$5.1B+14.1%	$4.5B+29.1%	$3.5B
EPS (Diluted)	$1.04-1.0%	$1.05-1.9%	$1.07+17.6%	$0.91+13.7%	$0.80+29.0%	$0.62

Metric	Q1'25	Q1'24	Q1'23	Q1'22	Q1'21	Q1'20	Q1'19	Q1'18
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

HDB Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$564.1B+6.6%	$529.4B+68.9%	$313.4B+12.6%	$278.3B+13.2%	$245.8B+16.1%	$211.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$23.2B-4.9%	$24.4B+46.7%	$16.6B+21.9%	$13.7B+11.3%	$12.3B+46.6%	$8.4B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$19.1B0.0%	$19.1B+2021.0%	$899.3M0.0%	$899.3M	N/A	N/A
Total Liabilities	$463.1B+6.5%	$434.8B+56.5%	$277.9B+13.3%	$245.2B+13.4%	$216.2B+15.9%	$186.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$68.7B-13.9%	$79.8B+219.2%	$25.0B+22.0%	$20.5B+27.5%	$16.1B+18.0%	$13.6B
Total Equity	$89.9B+7.8%	$83.4B+135.3%	$35.4B+7.3%	$33.0B+11.8%	$29.5B+17.6%	$25.1B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'25	Q1'24	Q1'23	Q1'22	Q1'21	Q1'20	Q1'19	Q1'18
Total Assets	$564.1B+6.6%	$529.4B+68.9%	$313.4B+12.6%	$278.3B+13.2%	$245.8B+16.1%	$211.7B+10.3%	$192.0B+10.0%	$174.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$23.2B-4.9%	$24.4B+46.7%	$16.6B+21.9%	$13.7B+11.3%	$12.3B+46.6%	$8.4B-14.2%	$9.7B+10.5%	$8.8B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$19.1B0.0%	$19.1B+2021.0%	$899.3M0.0%	$899.3M	N/A	N/A	N/A	N/A
Total Liabilities	$463.1B+6.5%	$434.8B+56.5%	$277.9B+13.3%	$245.2B+13.4%	$216.2B+15.9%	$186.6B+10.8%	$168.4B+7.6%	$156.5B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$68.7B-13.9%	$79.8B+219.2%	$25.0B+22.0%	$20.5B+27.5%	$16.1B+18.0%	$13.6B-9.8%	$15.1B+5.4%	$14.3B
Total Equity	$89.9B+7.8%	$83.4B+135.3%	$35.4B+7.3%	$33.0B+11.8%	$29.5B+17.6%	$25.1B+6.4%	$23.6B+30.9%	$18.0B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	$8.5B+19.4%	$7.1B

HDB Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$14.0B+14.1%	$12.3B+111.3%	$5.8B-24.2%	$7.7B-39.2%	$12.6B+455.0%	$2.3B
Capital Expenditures	$777.2M+20.3%	$646.0M+21.7%	$530.7M+52.9%	$347.0M+42.5%	$243.5M+0.3%	$242.7M
Free Cash Flow	$13.2B+13.7%	$11.6B+120.3%	$5.3B-27.8%	$7.3B-40.8%	$12.4B+509.4%	$2.0B
Investing Cash Flow	-$43.5B+1.3%	-$44.1B+17.5%	-$53.4B-22.8%	-$43.5B-26.3%	-$34.5B-20.8%	-$28.5B
Financing Cash Flow	$28.3B-29.5%	$40.2B-20.9%	$50.8B+32.3%	$38.4B+46.3%	$26.2B+7.1%	$24.5B
Dividends Paid	$1.9B+78.0%	$1.0B-1.1%	$1.1B+120.1%	$477.6M+20665.2%	$2.3M-99.7%	$881.4M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	$0

Metric	Q1'25	Q1'24	Q1'23	Q1'22	Q1'21	Q1'20	Q1'19	Q1'18
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

HDB Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	30.8%-2.8pp	33.6%-10.2pp	43.8%+0.6pp	43.3%+1.6pp	41.7%+3.1pp	38.6%
Return on Equity	8.8%-0.2pp	9.0%-8.1pp	17.0%+1.6pp	15.4%+0.3pp	15.1%+1.3pp	13.8%
Return on Assets	1.4%0.0pp	1.4%-0.5pp	1.9%+0.1pp	1.8%+0.0pp	1.8%+0.2pp	1.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.76-0.2	0.96+0.3	0.71+0.1	0.62+0.1	0.540.0	0.54
FCF Margin	51.6%-0.7pp	52.2%+13.9pp	38.3%-23.8pp	62.2%-53.4pp	115.5%+92.8pp	22.7%

Metric	Q1'25	Q1'24	Q1'23	Q1'22	Q1'21	Q1'20	Q1'19	Q1'18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.76-0.2	0.96+0.3	0.71+0.1	0.62+0.1	0.540.0	0.54-0.1	0.64-0.2	0.79
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Hdfc Bk Ltd's annual revenue?

Hdfc Bk Ltd (HDB) reported $25.6B in total revenue for fiscal year 2025. This represents a 15.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Hdfc Bk Ltd's revenue growing?

Hdfc Bk Ltd (HDB) revenue grew by 15.2% year-over-year, from $22.2B to $25.6B in fiscal year 2025.

Is Hdfc Bk Ltd profitable?

Yes, Hdfc Bk Ltd (HDB) reported a net income of $7.9B in fiscal year 2025, with a net profit margin of 30.8%.

What is Hdfc Bk Ltd's earnings per share (EPS)?

Hdfc Bk Ltd (HDB) reported diluted earnings per share of $1.04 for fiscal year 2025. This represents a -1.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Hdfc Bk Ltd have?

As of fiscal year 2025, Hdfc Bk Ltd (HDB) had $23.2B in cash and equivalents against $68.7B in long-term debt.

What is Hdfc Bk Ltd's net profit margin?

Hdfc Bk Ltd (HDB) had a net profit margin of 30.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Hdfc Bk Ltd pay dividends?

Yes, Hdfc Bk Ltd (HDB) paid $0.26 per share in dividends during fiscal year 2025.

What is Hdfc Bk Ltd's return on equity (ROE)?

Hdfc Bk Ltd (HDB) has a return on equity of 8.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Hdfc Bk Ltd's free cash flow?

Hdfc Bk Ltd (HDB) generated $13.2B in free cash flow during fiscal year 2025. This represents a 13.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Hdfc Bk Ltd's operating cash flow?

Hdfc Bk Ltd (HDB) generated $14.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Hdfc Bk Ltd's total assets?

Hdfc Bk Ltd (HDB) had $564.1B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Hdfc Bk Ltd's capital expenditures?

Hdfc Bk Ltd (HDB) invested $777.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Hdfc Bk Ltd have outstanding?

Hdfc Bk Ltd (HDB) had 7.65B shares outstanding as of fiscal year 2025.

What is Hdfc Bk Ltd's debt-to-equity ratio?

Hdfc Bk Ltd (HDB) had a debt-to-equity ratio of 0.76 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Hdfc Bk Ltd's return on assets (ROA)?

Hdfc Bk Ltd (HDB) had a return on assets of 1.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Hdfc Bk Ltd's Piotroski F-Score?

Hdfc Bk Ltd (HDB) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Hdfc Bk Ltd's earnings high quality?

Hdfc Bk Ltd (HDB) has an earnings quality ratio of 1.78x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Hdfc Bk Ltd?

Hdfc Bk Ltd (HDB) scores 73 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.