NYSE : HDB
HDFC Bank Limited — Financial statements
Financials · Banks - Regional · India
Last price 22.18 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 114.53B
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Financial statements
Income statement
Fiscal year April - March; amounts in INR.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 3.58T | 3.49T | 3.36T | 2.84T | 1.71T | 1.36T |
| Interest Paid on Deposits | 1.89T | 1.85T | 1.84T | 1.54T | 777.80B | 585.84B |
| Net Interest Income | 1.71T | 1.63T | 1.52T | 1.30T | 929.74B | 773.52B |
| Gain (Loss) on Sale of Assets | 3.70B | 3.70B | 1.56B | 2.00B | 933.80M | 707.60M |
| Gain (Loss) on Sale of Investments | 192.83B | 123.34B | 104.16B | 270.53B | -10.31B | 23.32B |
| Other Non-Interest Income | 1.27T | 1.34T | 1.24T | 970.93B | 348.50B | 293.57B |
| Total Non-Interest Income | 1.46T | 1.47T | 1.35T | 1.24T | 339.12B | 317.59B |
| Revenues Before Loan Losses | 3.17T | 3.10T | 2.87T | 2.54T | 1.27T | 1.09T |
| Provision for Loan Losses | 150.73B | 266.56B | 141.75B | 250.18B | 138.54B | 179.25B |
| Revenue | 3.02T | 2.83T | 2.73T | 2.29T | 1.13T | 911.86B |
| Salaries and Employee Benefits | 385.17B | 376.05B | 341.36B | 310.23B | 200.17B | 158.97B |
| Occupancy Expenses | 130.86B | 130.86B | 113.51B | 93.71B | 67.66B | 52.13B |
| Selling, General & Administrative | 33.88B | 33.99B | 40.56B | 37.84B | 21.00B | 17.44B |
| Other Non-Interest Expense | 1.36T | 1.27T | 1.27T | 1.08T | 226.50B | 174.58B |
| Total Non-Interest Expense | 1.91T | 1.81T | 1.77T | 1.52T | 515.34B | 403.12B |
| EBT Excluding Unusual Items | 1.10T | 1.02T | 962.42B | 765.69B | 614.98B | 508.73B |
| Pretax Income | 1.10T | 1.02T | 962.42B | 765.69B | 614.98B | 508.73B |
| Income Tax Expense | 268.03B | 229.22B | 228.02B | 111.22B | 153.50B | 127.22B |
| Earnings From Continuing Operations | 836.85B | 792.19B | 734.40B | 654.47B | 461.49B | 381.51B |
| Minority Interest in Earnings | -35.83B | -31.93B | -26.48B | -13.84B | -1.52B | -981.50M |
| Net Income | 801.02B | 760.26B | 707.92B | 640.62B | 459.97B | 380.53B |
| Net Income to Common | 801.02B | 760.26B | 707.92B | 640.62B | 459.97B | 380.53B |
| Basic Shares Outstanding | 15.39B | 15.36B | 15.26B | 14.17B | 11.13B | 11.07B |
| Diluted Shares Outstanding | 15.44B | 15.43B | 15.32B | 14.23B | 11.18B | 11.14B |
| EPS (Basic) | 52.04 | 49.50 | 46.40 | 45.21 | 41.32 | 34.39 |
| EPS (Diluted) | 51.88 | 49.28 | 46.20 | 45.01 | 41.13 | 34.15 |
| Dividend Per Share | 13.00 | 13.00 | 11.00 | 9.75 | 9.50 | 7.75 |
| Effective Tax Rate | 24.26% | 22.44% | 23.69% | 14.53% | 24.96% | 25.01% |
Balance sheet
Fiscal year April - March; amounts in INR.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.64T | 1.24T | 1.18T | 631.76B | 932.30B | 365.95B |
| Investment Securities | 13.57T | 12.80T | 11.86T | 10.06T | 5.12T | 4.49T |
| Total Investments | 13.57T | 12.80T | 11.86T | 10.06T | 5.12T | 4.49T |
| Gross Loans | 33.16T | 30.51T | 27.25T | 25.72T | 16.62T | 14.21T |
| Net Loans | 33.16T | 30.51T | 27.25T | 25.72T | 16.62T | 14.21T |
| Property, Plant & Equipment | 164.31B | 164.92B | 152.58B | 126.04B | 82.83B | 62.83B |
| Goodwill | 1.49B | 1.49B | ||||
| Accrued Interest Receivable | 347.41B | 340.29B | 254.73B | 186.91B | 134.70B | |
| Restricted Cash | 1.87T | 1.32T | 1.66T | 1.04T | 1.19T | |
| Other Current Assets | 136.64B | 166.46B | 174.39B | 52.01B | 42.89B | |
| Long-Term Deferred Tax Assets | 98.71B | 71.38B | 93.02B | 72.92B | 71.44B | |
| Other Real Estate Owned & Foreclosed | 8.29B | 9.91B | 11.41B | 464.50M | 512.20M | |
| Other Long-Term Assets | 2.13T | 1.90T | 1.57T | 1.58T | 1.20T | 659.56B |
| Total Assets | 51.66T | 49.08T | 43.92T | 40.30T | 25.30T | 21.23T |
| Interest Bearing Deposits | 33.24T | 27.50T | 23.99T | 20.69T | 16.10T | 13.20T |
| Non-Interest Bearing Deposits | 3.50T | 3.11T | 3.08T | 2.73T | 2.38T | |
| Total Deposits | 33.24T | 31.00T | 27.11T | 23.77T | 18.83T | 15.58T |
| Short-Term Borrowings | 121.83B | 130.40B | 56.54B | 90.20B | 242.04B | |
| Accrued Interest Payable | 266.42B | 256.18B | 238.53B | 113.94B | 82.41B | |
| Other Current Liabilities | 145.74B | 136.54B | 139.33B | 117.91B | 130.94B | |
| Long-Term Debt | 5.94T | 5.76T | 6.22T | 7.25T | 2.48T | 2.03T |
| Long-Term Deferred Tax Liabilities | 3.40B | 3.08B | ||||
| Other Long-Term Liabilities | 6.15T | 5.70T | 4.69T | 4.15T | 777.38B | 685.83B |
| Total Liabilities | 45.34T | 43.00T | 38.54T | 35.60T | 22.40T | 18.75T |
| Common Stock | 15.42B | 15.39B | 7.65B | 7.60B | 5.58B | 5.55B |
| Additional Paid-In Capital | 1.42T | 1.34T | 1.27T | 665.39B | 631.19B | |
| Retained Earnings | 3.95T | 3.51T | 2.98T | 2.13T | 1.72T | |
| Comprehensive Income & Other | 6.07T | 478.04B | 355.37B | 309.83B | 90.03B | 111.80B |
| Total Common Equity | 6.09T | 5.86T | 5.22T | 4.56T | 2.89T | 2.47T |
| Minority Interest | 235.84B | 223.85B | 163.59B | 133.83B | 8.60B | 7.20B |
| Shareholders' Equity | 6.32T | 6.08T | 5.38T | 4.70T | 2.90T | 2.48T |
| Total Liabilities & Equity | 51.66T | 49.08T | 43.92T | 40.30T | 25.30T | 21.23T |
| Total Debt | 5.94T | 5.88T | 6.35T | 7.31T | 2.57T | 2.27T |
| Net Cash (Debt) | -3.30T | -4.64T | -5.17T | -6.67T | -1.63T | -1.90T |
| Net Cash Per Share | -213.94 | -300.79 | -337.31 | -468.89 | -146.05 | -170.86 |
| Filing Date Shares Outstanding | 15.41B | 15.39B | 15.30B | 15.19B | 11.16B | 11.09B |
| Total Common Shares Outstanding | 15.41B | 15.39B | 15.30B | 15.19B | 11.16B | 11.09B |
| Book Value Per Share | 394.84 | 380.72 | 340.94 | 300.38 | 259.36 | 223.00 |
| Tangible Book Value | 6.09T | 5.86T | 5.22T | 4.56T | 2.89T | 2.47T |
| Tangible Book Value Per Share | 394.84 | 380.72 | 340.94 | 300.38 | 259.23 | 222.86 |
Cash flow statement
Fiscal year April - March; amounts in INR.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 801.02B | 760.26B | 707.92B | 640.62B | 459.97B | 380.53B |
| Depreciation & Amortization | 43.52B | 41.95B | 38.05B | 30.92B | 23.45B | 16.81B |
| Gain (Loss) on Sale of Assets | -2.88B | -72.08B | -140.30M | -74.17B | -80.50M | 32.50M |
| Gain (Loss) on Sale of Investments | 92.30B | 87.26B | 39.96B | -59.91B | 13.97B | -7.25B |
| Provision for Credit Losses | 150.73B | 176.56B | 141.75B | 141.18B | 138.54B | 187.05B |
| Change in Other Net Operating Assets | -5.28T | -3.86T | -3.05T | -3.87T | -3.67T | -2.92T |
| Other Operating Activities | 23.39B | 92.66B | 30.93B | -8.21B | -10.18B | -21.16B |
| Operating Cash Flow | -4.15T | -2.75T | -2.07T | -3.18T | -3.04T | -2.36T |
| Capital Expenditures | -39.55B | -38.90B | -40.76B | -42.87B | -34.67B | -22.36B |
| Sale of Property, Plant and Equipment | 3.94B | 5.28B | 1.01B | 998.20M | 426.80M | 199.10M |
| Cash Acquisitions | -808.70M | -674.70M | ||||
| Divestitures | 510.00M | 98.06B | 1.92B | 95.01B | ||
| Investing Cash Flow | -35.10B | 63.63B | -38.51B | 53.14B | -34.24B | -22.16B |
| Long-Term Debt Issued | 7.00B | 11.82B | 23.50B | 410.07B | 526.21B | |
| Long-Term Debt Repaid | -488.95B | -975.63B | -75.73B | -120.77B | -36.50B | |
| Net Debt Issued (Repaid) | -69.08B | -481.95B | -963.81B | -52.23B | 289.30B | 489.71B |
| Issuance of Common Stock | 28.60B | 51.09B | 63.47B | 84.43B | 34.16B | 26.10B |
| Common Dividends Paid | -161.84B | -168.69B | -148.26B | -84.04B | -86.05B | -35.92B |
| Net Increase (Decrease) in Deposit Accounts | 5.26T | 3.89T | 3.34T | 3.37T | 3.25T | 2.24T |
| Other Financing Activities | 24.01B | 47.88B | 23.83B | 12.02B | 1.99B | 1.36B |
| Financing Cash Flow | 5.04T | 3.30T | 2.32T | 3.33T | 3.49T | 2.72T |
| Foreign Exchange Rate Adjustments | 8.57B | 11.14B | 2.00B | 1.05B | 4.32B | 1.65B |
| Net Cash Flow | 867.42B | 619.78B | 211.13B | 316.87B | 417.62B | 341.13B |
| Free Cash Flow | -4.19T | -2.79T | -2.11T | -3.22T | -3.07T | -2.38T |
| Free Cash Flow Margin | -138.74% | -98.52% | -77.28% | -140.79% | -271.88% | -261.53% |
| Free Cash Flow Per Share | -271.27 | -180.92 | -137.59 | -226.34 | -274.82 | -214.04 |
| Cash Interest Paid | 37.20M | 37.20M | 95.90M | 130.10M | 176.20M | 270.60M |
| Cash Income Tax Paid | 244.65B | 226.56B | 197.09B | 228.43B | 163.67B | 148.38B |
Ratios
Fiscal year April - March; amounts in INR.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 117.26B | 120.10B | 163.73B | 132.02B | 109.36B | 107.44B |
| Last Close Price | 22.18 | 24.52 | 32.41 | 27.04 | 31.92 | 29.11 |
| PE Ratio | 13.92 | 14.81 | 19.76 | 17.17 | 19.52 | 21.43 |
| PS Ratio | 3.61 | 3.98 | 5.13 | 4.81 | 7.95 | 8.94 |
| PB Ratio | 1.73 | 1.85 | 2.60 | 2.34 | 3.09 | 3.29 |
| Debt / Equity Ratio | 0.94 | 0.97 | 1.18 | 1.55 | 0.88 | 0.92 |
| Net Debt / Equity Ratio | 0.52 | 0.76 | 0.96 | 1.42 | 0.56 | 0.77 |
| Net Debt / FCF Ratio | -0.79 | -1.66 | -2.45 | -2.07 | -0.53 | -0.80 |
| Return on Equity (ROE) | 11.00% | 13.82% | 14.57% | 17.22% | 17.14% | 16.64% |
| Return on Assets (ROA) | 1.66% | 1.70% | 1.74% | 1.99% | 1.98% | 1.94% |
| Earnings Yield | 7.19% | 6.75% | 5.06% | 5.82% | 5.12% | 4.67% |
| FCF Yield | -38.86% | -24.79% | -15.07% | -29.29% | -34.22% | -29.25% |
| Dividend Yield | 1.79% | 1.78% | 1.20% | 1.35% | 1.18% | 1.05% |
| Payout Ratio | 24.99% | 22.19% | 20.94% | 13.12% | 18.71% | 9.44% |
| Buyback Yield / Dilution | 0.77% | -0.68% | -7.65% | -27.29% | -0.36% | -0.82% |
| Total Shareholder Return | 2.61% | 1.10% | -6.45% | -25.95% | 0.82% | 0.23% |