HDB Financial Services (HDBFS) Q1 24/25 earnings summary

Executive summary

• Consolidated and standalone financial results for the quarter ended June 30, 2024, were reviewed and approved by the Board on July 13, 2024.

• No material misstatements or deviations were noted by the auditors in their limited review reports.

Financial highlights

• Revenue from operations for the quarter was ₹38,838 million, up from ₹33,868 million in the same quarter last year.

• Net profit after tax for the quarter was ₹5,817 million, compared to ₹5,670 million year-over-year.

• Basic and diluted EPS for the quarter were ₹7.33 and ₹7.32, respectively.

• Total expenses for the quarter were ₹31,001 million, up from ₹26,263 million year-over-year.

Outlook and guidance

• The company continues to be categorized as an Upper Layer NBFC (NBFC-UL) by RBI as per the September 2023 circular.

• No deviation or variation in the use of funds raised; all proceeds were utilized as per stated objectives.