HDB FY 2013 Earnings Report — HDFC Bank Limited Revenue & Financial Results | Market Cap Arena

HDFC Bank LimitedHDB

FY 2013 Earnings

Reported July 29, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$4.4B	—	$3.5B	—	26.9%
Op. Income	$976M	—	$783M	—	24.6%
Gross Margin	50.0%	—	51.8%	—	-1.8pp
Net Margin	14.8%	—	15.1%	—	-0.3pp
EPS (Diluted)	$0.46	—	$0.35	—	29.6%
Free Cash Flow	$652M	—	$314M	—	108.1%

Revenue Flow

Item	Amount
REVENUE	$4.4B
Cost of Revenue	$2.2B
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$967M
SG&A Expenses	$967M
Other Expenses	$280M
Operating Expenses	$1.2B
Cost & Expenses	$3.5B
OPERATING INCOME	$976M
Interest Income	$3.8B
Interest Expense	$2.1B
Other Income/Expenses	$0
INCOME BEFORE TAX	$976M
Income Tax Expense	$316M
Net Income from Continuing Ops	$659M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$656M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$656M
D&A	$95M
EBIT	$976M
EBITDA	$1.1B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$4.4B
Cost of Revenue	$2.2B
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$967M
SG&A Expenses	$967M
Other Expenses	$280M
Operating Expenses	$1.2B
Cost & Expenses	$3.5B
OPERATING INCOME	$976M
Interest Income	$3.8B
Interest Expense	$2.1B
Other Income/Expenses	$0
INCOME BEFORE TAX	$976M
Income Tax Expense	$316M
Net Income from Continuing Ops	$659M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$656M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$656M
D&A	$95M
EBIT	$976M
EBITDA	$1.1B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$659M
Depreciation & Amortization	$95M
Stock-Based Compensation	$48M
Deferred Income Tax	-$52M
Other Non-Cash Items	$134M
Change in Working Capital	-$127M
OPERATING CASH FLOW	$758M
Capital Expenditure	-$106M
Acquisitions (Net)	$0
Purchases of Investments	-$7.9B
Sales/Maturities of Investments	$5.8B
Other Investing Activities	-$5.0B
NET CASH FROM INVESTING	-$7.3B
Net Debt Issuance	$1.6B
Common Stock Repurchased	$0
Common Dividends Paid	-$125M
Other Financing Activities	$5.4B
NET CASH FROM FINANCING	$6.8B
FREE CASH FLOW	$652M
Net Change in Cash	$326M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.5B
Short-Term Investments	$10.8B
Net Receivables	$705M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$16.0B
PP&E (Net)	$307M
Goodwill	$795M
Intangible Assets	$19M
Long-Term Investments	$11.7B
Tax Assets	$0
Other Non-Current Assets	-$12.8B
TOTAL NON-CURRENT ASSETS	$12.8B
TOTAL ASSETS	$46.4B
Account Payables	$1.6B
Short-Term Debt	$1.5B
Deferred Revenue	$0
Other Current Liabilities	-$3.4B
TOTAL CURRENT LIABILITIES	$3.2B
Long-Term Debt	$3.1B
Deferred Revenue NC	$52M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$3.1B
TOTAL NON-CURRENT LIABILITIES	$3.2B
TOTAL LIABILITIES	$41.4B
Common Stock	$50M
Additional Paid-In Capital	$2.8B
Retained Earnings	$1.4B
Treasury Stock	$0
Accum. Other Comp. Income	$750M
Other Equity	$2M
TOTAL STOCKHOLDERS' EQUITY	$5.0B
Minority Interest	$20M
TOTAL EQUITY	$5.0B
TOTAL LIABILITIES & EQUITY	$46.4B
Total Debt	$4.7B
Net Debt	$206M