HDFC Bank Q4 2023 Results: Stock Down 2% 📉💰

HDFC Bank's stock fell by 2 percent in early trading on Monday.

[{"selector":"#anim-9fb36199-de74-4d44-a0e7-ffa2e347950e","keyframes":{"opacity":[0,1]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bcd00867-ed92-43eb-96b8-e28a0f6f6825","keyframes":{"transform":["translate3d(92.58373%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Net profit for HDFC Bank in Q4 2023 jumped 19.8 percent but was below estimates.

[{"selector":"#anim-ac269d2a-ec01-4a84-85bb-e8f5bc76c1cb","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-180a382a-f314-4d55-8301-b74d9a4e2be1","keyframes":{"transform":["translate3d(-123.61111%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1538936c-e772-4dfd-9da6-af997f1b171e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-48b0944b-f111-4b81-ae9a-355e81ce3076","keyframes":{"transform":["translate3d(0px, 107.20596%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Loan growth for HDFC Bank was 16.9 percent on an annual basis.

[{"selector":"#anim-9e148575-8124-4259-966b-3a79f4abce8a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-350b8fa3-1da9-4155-9210-a4ffe80eaf6e","keyframes":{"transform":["translate3d(0px, 113.48210%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-49fde8b0-11f2-4a9e-90c8-ed6064cd9406","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-882c596e-5909-416b-a6f0-a5f209a3394b","keyframes":{"transform":["translate3d(-120.46204%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Credit costs for HDFC Bank remained close to 6.2 percent.

[{"selector":"#anim-7b32205c-98f5-4650-b984-bed74c966bc5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-acdfaa10-15ef-4f9f-a72e-c653c73f5a1f","keyframes":{"transform":["translate3d(0px, 168.29381%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-eb8ac334-124f-47a5-a324-fd966f9fdcc2","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-034b818a-728c-4175-aae5-855502c0962b","keyframes":{"transform":["translate3d(-116.66666%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Provisioning for NPAs in the March quarter for HDFC Bank decreased to Rs 2685.37 crore.

[{"selector":"#anim-9035a3d8-3541-4b0e-9c91-e805fcb9f488","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d02d12cf-2644-445f-be1a-6dd71d527f2f","keyframes":{"transform":["translate3d(0px, 92.56161%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5e4eb0be-b34c-40b0-8ba7-b6ca464e53bb","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-387c672d-c902-4ec9-a899-d041b5fb974c","keyframes":{"transform":["translate3d(-119.86063%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

HDFC Bank reported a profit of Rs 45,997.11 crore for FY 2022-23, compared to Rs 38,052.75 crore in FY 2021-22.

[{"selector":"#anim-846d384a-c1a0-437d-85c6-b8218c0e4535","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1031bf8e-0743-44ef-bfb2-7c18a6550808","keyframes":{"transform":["translate3d(0px, 113.48210%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8714fbf6-ab8a-48cf-b3b4-8cf5467f2029","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7519200c-eccb-40a9-881d-f15b0d0ba87b","keyframes":{"transform":["translate3d(-118.27242%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

[{"selector":"#anim-eccdb9d0-ffbf-4737-945e-44af86741b3f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fe177487-bb8c-4de4-8c7e-a7e42f7f14e4","keyframes":{"transform":["translate3d(0px, 92.56161%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bb66a8d5-1d24-4b6f-a9a1-54d6f03c6a07","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c8d4cd4b-2ecf-443b-86dc-b847c9459543","keyframes":{"transform":["translate3d(-119%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Income for HDFC Bank on a standalone basis increased to Rs.53850 crore in the March quarter from Rs.41086 crore in the previous year.

[{"selector":"#anim-9628d1ff-eab0-41e5-ade0-cb49305e1dc9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0ae1d2bc-d223-4b3c-aee3-6669acff7a99","keyframes":{"transform":["translate3d(0px, 97.63278%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5d61f1f3-e601-4963-9ec9-b00f5f89f141","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f190b312-8553-4a23-8133-cf45cc5f5f02","keyframes":{"transform":["translate3d(-129.11392%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Warren Buffett’s Berkshire Hathaway’s Big Win: $1.2 Billion in a Day