HDB FY 2024 Earnings Report — HDFC Bank Limited Revenue & Financial Results | Market Cap Arena

HDFC Bank LimitedHDB

FY 2024 Earnings

Reported July 29, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$37.4B	—	$21.0B	—	77.7%
Op. Income	$7.5B	—	$7.0B	—	6.5%
Gross Margin	52.7%	—	57.1%	—	-4.4pp
Net Margin	17.7%	—	25.0%	—	-7.3pp
EPS (Diluted)	$1.43	—	$1.31	—	9.4%
Free Cash Flow	$10.3B	—	$4.6B	—	123.4%

Revenue Flow

Item	Amount
REVENUE	$37.4B
Cost of Revenue	$17.7B
GROSS PROFIT	$19.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$10.1B
SG&A Expenses	$10.1B
Other Expenses	$2.1B
Operating Expenses	$12.2B
Cost & Expenses	$29.9B
OPERATING INCOME	$7.5B
Interest Income	$29.5B
Interest Expense	$16.3B
Other Income/Expenses	$0
INCOME BEFORE TAX	$7.5B
Income Tax Expense	$826M
Net Income from Continuing Ops	$6.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6.6B
D&A	$556M
EBIT	$7.5B
EBITDA	$8.0B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$37.4B
Cost of Revenue	$17.7B
GROSS PROFIT	$19.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$10.1B
SG&A Expenses	$10.1B
Other Expenses	$2.1B
Operating Expenses	$12.2B
Cost & Expenses	$29.9B
OPERATING INCOME	$7.5B
Interest Income	$29.5B
Interest Expense	$16.3B
Other Income/Expenses	$0
INCOME BEFORE TAX	$7.5B
Income Tax Expense	$826M
Net Income from Continuing Ops	$6.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6.6B
D&A	$556M
EBIT	$7.5B
EBITDA	$8.0B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$6.7B
Depreciation & Amortization	$556M
Stock-Based Compensation	$214M
Deferred Income Tax	-$607M
Other Non-Cash Items	$1.9B
Change in Working Capital	$2.1B
OPERATING CASH FLOW	$10.9B
Capital Expenditure	-$572M
Acquisitions (Net)	$1.6B
Purchases of Investments	-$45.7B
Sales/Maturities of Investments	$37.6B
Other Investing Activities	-$31.9B
NET CASH FROM INVESTING	-$39.0B
Net Debt Issuance	-$237M
Common Stock Repurchased	-$24M
Common Dividends Paid	-$920M
Other Financing Activities	$35.9B
NET CASH FROM FINANCING	$35.5B
FREE CASH FLOW	$10.3B
Net Change in Cash	$7.4B

Balance Sheet

Item	Amount
Cash & Equivalents	$36.4B
Short-Term Investments	$69.1B
Net Receivables	$4.0B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$111.9B
PP&E (Net)	$2.8B
Goodwill	$17.3B
Intangible Assets	$14.8B
Long-Term Investments	$284.2B
Tax Assets	$0
Other Non-Current Assets	$37.4B
TOTAL NON-CURRENT ASSETS	$356.5B
TOTAL ASSETS	$468.5B
Account Payables	$5.6B
Short-Term Debt	$14.6B
Deferred Revenue	$0
Other Current Liabilities	$252.4B
TOTAL CURRENT LIABILITIES	$273.5B
Long-Term Debt	$70.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3.1B
Other Non-Current Liabilities	$36.2B
TOTAL NON-CURRENT LIABILITIES	$111.3B
TOTAL LIABILITIES	$384.8B
Common Stock	$81M
Additional Paid-In Capital	$46.1B
Retained Earnings	$18.5B
Treasury Stock	-$179M
Accum. Other Comp. Income	$9.2B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$73.8B
Minority Interest	$10.0B
TOTAL EQUITY	$83.7B
TOTAL LIABILITIES & EQUITY	$468.5B
Total Debt	$86.5B
Net Debt	$50.2B