HDB Financial Services (HDBFS) Q3 24/25 earnings summary

Executive summary

• Standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2024, were approved and reviewed with an unmodified opinion from statutory auditors.

• The company is categorized as an Upper Layer NBFC (NBFC-UL) by RBI and has filed a DRHP for an IPO comprising a fresh issue and offer for sale.

Financial highlights

• Total revenue from operations for the quarter was ₹41,436 million, up from ₹36,018 million in the same quarter last year; nine-month revenue was ₹120,342 million, up from ₹105,043 million year-over-year.

• Net profit for the quarter was ₹4,723 million, compared to ₹6,368 million in the same quarter last year; nine-month net profit was ₹16,450 million, down from ₹18,046 million year-over-year.

• Basic EPS for the quarter was ₹5.95, and for the nine months was ₹20.73.

Outlook and guidance

• Proceeds from recent non-convertible securities issues have been fully utilized for their intended purposes, with no deviations or variations reported.

• The company is preparing for an IPO, subject to regulatory approvals and market conditions.