HDB FY 2007 Earnings Report — HDFC Bank Limited Revenue & Financial Results | Market Cap Arena

HDFC Bank LimitedHDB

FY 2007 Earnings

Reported July 10, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$911M	—	$592M	—	53.9%
Op. Income	$172M	—	$140M	—	23.1%
Gross Margin	51.7%	—	55.7%	—	-4.1pp
Net Margin	12.9%	—	16.5%	—	-3.6pp
EPS (Diluted)	$0.11	—	$0.09	—	18.2%
Free Cash Flow	$325M	—	$307M	—	5.9%

Revenue Flow

Item	Amount
REVENUE	$911M
Cost of Revenue	$440M
GROSS PROFIT	$470M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$122M
SG&A Expenses	$122M
Other Expenses	$177M
Operating Expenses	$298M
Cost & Expenses	$739M
OPERATING INCOME	$172M
Interest Income	$745M
Interest Expense	$352M
Other Income/Expenses	$0
INCOME BEFORE TAX	$172M
Income Tax Expense	$55M
Net Income from Continuing Ops	$117M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$117M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$117M
D&A	$84M
EBIT	$172M
EBITDA	$256M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$911M
Cost of Revenue	$440M
GROSS PROFIT	$470M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$122M
SG&A Expenses	$122M
Other Expenses	$177M
Operating Expenses	$298M
Cost & Expenses	$739M
OPERATING INCOME	$172M
Interest Income	$745M
Interest Expense	$352M
Other Income/Expenses	$0
INCOME BEFORE TAX	$172M
Income Tax Expense	$55M
Net Income from Continuing Ops	$117M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$117M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$117M
D&A	$84M
EBIT	$172M
EBITDA	$256M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$117M
Depreciation & Amortization	$84M
Stock-Based Compensation	$0
Deferred Income Tax	-$7M
Other Non-Cash Items	$104M
Change in Working Capital	$62M
OPERATING CASH FLOW	$360M
Capital Expenditure	-$34M
Acquisitions (Net)	$0
Purchases of Investments	-$2.3B
Sales/Maturities of Investments	$2.1B
Other Investing Activities	-$1.7B
NET CASH FROM INVESTING	-$1.9B
Net Debt Issuance	$387M
Common Stock Repurchased	$0
Common Dividends Paid	-$21M
Other Financing Activities	$1.3B
NET CASH FROM FINANCING	$1.7B
FREE CASH FLOW	$325M
Net Change in Cash	$206M

Balance Sheet

Item	Amount
Cash & Equivalents	$993M
Short-Term Investments	$0
Net Receivables	$167M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$111M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$3.3B
Tax Assets	$0
Other Non-Current Assets	-$3.4B
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$10.8B
Account Payables	$181M
Short-Term Debt	$1.0B
Deferred Revenue	$0
Other Current Liabilities	-$1.2B
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$357M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$357M
TOTAL NON-CURRENT LIABILITIES	$357M
TOTAL LIABILITIES	$10.1B
Common Stock	$34M
Additional Paid-In Capital	$321M
Retained Earnings	$260M
Treasury Stock	$0
Accum. Other Comp. Income	$81M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$696M
Minority Interest	$3M
TOTAL EQUITY	$700M
TOTAL LIABILITIES & EQUITY	$10.8B
Total Debt	$1.4B
Net Debt	$380M