HDFCBANK · Regional Banks · INE040A01034
Analyst mean 1.49 · 39 analysts · 61% bullishWhat the numbers mean when read together — computed from the filings, not a score.
Operating cash flow is 138% of trailing profit — the earnings are converting to cash, not just accruals.
Last operating cash flow ₹113,506 cr against trailing net profit ₹82,512 cr. A ratio at or above ~0.9 means reported profit is showing up as real cash.
Both revenue and profit grew over the last year (2.8% and 12.5%) — growth is translating to the bottom line.
Trailing revenue ₹351,818 cr, trailing profit ₹82,512 cr. Profit growing at least as fast as revenue indicates operating leverage or pricing power.
Net margin improved from 19.6% to 22.5% year-on-year — the business is keeping more of each rupee.
Quarter net margin 22.5% vs 19.6% four quarters earlier. Expansion from operating leverage is healthy; verify it is not a one-off gain.
Free cash flow swings between positive and negative across the cycle.
Latest ₹110,144 cr, negative in 5 of 12 years.
Other income is 132% of pre-tax profit — a large share of the profit comes from outside the core operating business.
Trailing other income ₹143,699 cr against pre-tax profit ₹108,485 cr. High other-income dependence means the headline profit is flattered by treasury, one-offs, or non-operating items rather than the core business.
Markers show corporate actions (splits, bonus, dividends). Prices are split-adjusted so the series is continuous.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 83,002 | 85,040 | 86,779 | 87,372 | 86,994 | 87,067 | 87,182 | 90,575 |
| Expenses | 52,074 | 41,307 | 47,709 | 64,497 | 45,161 | 54,145 | 44,028 | 58,292 |
| Other Income | 38,455 | 27,154 | 33,489 | 45,683 | 31,567 | 39,860 | 29,737 | 42,535 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 23,968 | 23,973 | 25,573 | 20,850 | 26,659 | 26,961 | 27,672 | 27,193 |
| Net Profit | 18,627 | 18,340 | 19,285 | 17,090 | 20,364 | 20,691 | 21,074 | 20,383 |
| EPS | 11.68 | 11.54 | 12.31 | 10.60 | 12.76 | 12.87 | 13.22 | 12.50 |
| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 551 | 555 | 558 | 760 | 765 | 1,539 |
| Reserves | 209,259 | 246,772 | 288,880 | 455,636 | 521,024 | 584,520 |
| Borrowings | — | — | — | — | — | — |
| Fixed Assets | 5,248 | 6,432 | 8,431 | 12,604 | 15,258 | 16,492 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 438,823 | 449,264 | 511,582 | 1,005,682 | 1,186,473 | 1,280,216 |
| Total Assets | 1,799,507 | 2,122,934 | 2,530,432 | 4,030,194 | 4,392,110 | 4,907,701 |