Are HDFC Bank latest results good or bad?

HDFC Bank's financial results for the quarter ending March 2025 reflect a complex operational landscape. The bank reported a Profit Before Tax (PBT) less Other Income of Rs 11,315.77 crore, which indicates significant growth year-on-year. However, the year-on-year growth rate for Interest Earned was 8.38%, a notable decline from the previous year's growth of 58.41%. Similarly, Net Profit saw a year-on-year growth of 6.69%, down from 37.06% in the prior year.
The bank's Net Interest Income reached an all-time high of Rs 32,065.80 crore, showcasing consistent growth over the last five quarters. Operating Profit was recorded at Rs 14,508.82 crore, with an Operating Profit Margin of 18.73%, suggesting improved operational efficiency. Despite these positive indicators, the growth rates for key metrics such as Interest Earned and Net Profit have moderated compared to the previous year.

Additionally, the bank's Non-Performing Assets (NPAs) showed slight changes, with the percentage of Net NPAs at 0.33% and Gross NPAs at 1.24%. This suggests a stable asset quality, although the figures indicate a minor increase in NPAs compared to the previous year.

Overall, HDFC Bank's financial performance demonstrates a strong operational foundation, although there has been an adjustment in its evaluation reflecting the changes in growth rates for certain key metrics.