HDB Financial Services (HDBFS) Q2 24/25 earnings summary

Executive summary

• Standalone and consolidated unaudited financial results for the quarter and half year ended September 30, 2024, were approved and reviewed with an unmodified opinion from joint statutory auditors.

• Interim dividend of Rs. 2 per equity share (20% of face value) declared for FY 2024-25, payable to shareholders as of October 18, 2024.

• Board approved an initial public offering (IPO) of equity shares up to Rs. 2,500 crore, subject to necessary approvals and market conditions.

Financial highlights

• Total revenue from operations for Q2 FY25 was Rs. 40,068 million, up from Rs. 35,157 million in Q2 FY24; H1 FY25 revenue was Rs. 78,906 million, up from Rs. 69,025 million in H1 FY24.

• Net profit for Q2 FY25 stood at Rs. 5,910 million, compared to Rs. 6,008 million in Q2 FY24; H1 FY25 net profit was Rs. 11,727 million, nearly flat year-over-year.

• Earnings per share (basic) for Q2 FY25 was Rs. 7.45, and for H1 FY25 was Rs. 14.78.

• Total assets as of September 30, 2024, were Rs. 10,19,604 million, up from Rs. 9,25,565 million as of March 31, 2024.

Outlook and guidance

• The company is classified as an Upper Layer NBFC (NBFC-UL) by RBI as per scale-based regulations.

• IPO plans are underway, with the Board’s approval for a fresh issue and offer for sale.