HDB FY 2020 Earnings Report — HDFC Bank Limited Revenue & Financial Results | Market Cap Arena

HDFC Bank LimitedHDB

FY 2020 Earnings

Reported July 31, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$15.0B	—	$12.8B	—	17.3%
Op. Income	$3.9B	—	$3.6B	—	7.6%
Gross Margin	47.8%	—	49.5%	—	-1.7pp
Net Margin	18.5%	—	18.3%	—	0.1pp
EPS (Diluted)	$0.79	—	$0.66	—	19.9%
Free Cash Flow	$1.6B	—	$1.8B	—	-8.4%

Revenue Flow

Item	Amount
REVENUE	$15.0B
Cost of Revenue	$7.8B
GROSS PROFIT	$7.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.8B
SG&A Expenses	$2.8B
Other Expenses	$471M
Operating Expenses	$3.3B
Cost & Expenses	$11.1B
OPERATING INCOME	$3.9B
Interest Income	$12.9B
Interest Expense	$6.6B
Other Income/Expenses	$0
INCOME BEFORE TAX	$3.9B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$2.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.8B
D&A	$136M
EBIT	$3.9B
EBITDA	$4.0B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$15.0B
Cost of Revenue	$7.8B
GROSS PROFIT	$7.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.8B
SG&A Expenses	$2.8B
Other Expenses	$471M
Operating Expenses	$3.3B
Cost & Expenses	$11.1B
OPERATING INCOME	$3.9B
Interest Income	$12.9B
Interest Expense	$6.6B
Other Income/Expenses	$0
INCOME BEFORE TAX	$3.9B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$2.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.8B
D&A	$136M
EBIT	$3.9B
EBITDA	$4.0B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$2.8B
Depreciation & Amortization	$136M
Stock-Based Compensation	$79M
Deferred Income Tax	-$1M
Other Non-Cash Items	$1.3B
Change in Working Capital	-$2.4B
OPERATING CASH FLOW	$1.8B
Capital Expenditure	-$194M
Acquisitions (Net)	$0
Purchases of Investments	-$27.7B
Sales/Maturities of Investments	$19.8B
Other Investing Activities	-$14.8B
NET CASH FROM INVESTING	-$22.8B
Net Debt Issuance	-$3.4B
Common Stock Repurchased	$0
Common Dividends Paid	-$706M
Other Financing Activities	$23.7B
NET CASH FROM FINANCING	$19.6B
FREE CASH FLOW	$1.6B
Net Change in Cash	-$1.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$7.7B
Short-Term Investments	$36.2B
Net Receivables	$4.3B
Inventory	$0
Other Current Assets	-$96M
TOTAL CURRENT ASSETS	$48.2B
PP&E (Net)	$1.2B
Goodwill	$796M
Intangible Assets	$0
Long-Term Investments	$39.4B
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$41.4B
TOTAL ASSETS	$169.5B
Account Payables	$2.8B
Short-Term Debt	$4.0B
Deferred Revenue	$0
Other Current Liabilities	-$583M
TOTAL CURRENT LIABILITIES	$6.8B
Long-Term Debt	$10.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$11.6B
TOTAL LIABILITIES	$149.4B
Common Stock	$58M
Additional Paid-In Capital	$8.1B
Retained Earnings	$7.6B
Treasury Stock	$0
Accum. Other Comp. Income	$4.3B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$20.1B
Minority Interest	$36M
TOTAL EQUITY	$20.1B
TOTAL LIABILITIES & EQUITY	$169.5B
Total Debt	$15.6B
Net Debt	$7.9B