HDFC Bank Q1 results: Net profit rises over 12%; board clears 1:1 bonus issue, special dividend
The bank posted a 12.24 per cent rise in net profit at Rs 18,155.21 crore for the quarter ended June 2025 as against Rs 16,174.75 crore in the same period a year ago.
The record date for the HDFC Bank bonus issue has been set at August 27, 2025. The estimated date by which the bonus will be credited is 'within two months from the date of approval by the Board of Directors i.e., on or before September 18, 2025,' as per the exchange filing by HDFC Bank.
A bonus issue, or bonus shares, is when a company distributes additional shares to existing shareholders free of cost, usually in proportion to the shares they already own. For instance, in a 1:1 bonus, shareholders receive one additional free share for every one they hold.
Although the number of shares increases after the bonus issue, the total value of a shareholder's holding remains the same, which results in a lower share price — making the stock more accessible to smaller investors. Moreover, bonus shares are not taxed at the time of issuance in many jurisdictions; tax is usually applicable only when they are sold.
The record date for the special interim dividend for determining the eligibility of members entitled to receive the said special interim dividend is July 25, 2025. The special dividend will be paid to the eligible members on August 11, 2025.
Shares of the bank closed 1.47 per cent lower at Rs 1957.40 on the BSE on Friday. It has a market capitalisation of Rs 15 lakh crore.
Non-interest income of HDFC Bank surged to Rs 21,729.83 crore in the June quarter, largely driven by Rs 9,128 crore in transaction gains from HDB Financial Services' offer for sale. The bank had offloaded part of its stake in the IPO at Rs 740 per share, reducing its holding in the NBFC to 74.19 per cent from 94.32 per cent.
The bank has set aside Rs 14,442 crore in provisions, a sharp jump from Rs 2,602 crore in Q1FY25. This includes Rs 9,000 crore in floating provisions and Rs 1,700 crore in contingent provisions.
Gross non-performing assets were at 1.40 per cent (Rs 30,740 crore) of gross advances as on June 30, 2025 (1.14 per cent excluding NPAs in the agricultural segment), as against 1.33 per cent as on March 31, 2025 (1.13 per cent excluding NPAs in the agricultural segment), and 1.33 per cent as on June 30, 2024 (1.16 per cent excluding NPAs in the agricultural segment).
The bank's average deposits were Rs 26,57,600 crore for the June 2025 quarter, a growth of 16.4 per cent over Rs 22,83,100 crore for the June 2024 quarter, and 5.1 per cent over Rs 25,28,000 crore for the March 2025 quarter.
Gross advances were at Rs 26,53,200 crore as of June 30, 2025, an increase of 6.7 per cent over June 30, 2024. Advances under management grew by 8.0 per cent over June 30, 2024. Retail loans grew by 8.1 per cent, small and mid-market enterprises loans grew by 17.1 per cent and corporate and other wholesale loans grew by 1.7 per cent. Overseas advances constituted 1.7 per cent of total advances.
The bank's net revenue was Rs 53,170 crore (including transaction gains of Rs 9,130 crore from a partial divestment through an offer for sale in the recent IPO of its subsidiary HDB Financial Services Ltd) for the quarter ended June 30, 2025 as against Rs 40,510 crore for the quarter ended June 30, 2024.
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