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HDFC Bank Limited (IN:HDFCBANK)
:HDFCBANK
Earnings Data
Report Date
Apr 20, 2026TBA (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
11.78Last Year’s EPS
11.5Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of constructive operational and franchise metrics (encouraging credit growth, strong retail mobilization, healthy liquidity with LCR at 116%, improving cost of funds, solid card spend and branch productivity) alongside notable challenges (timing and difficulty of reducing LDR, uneven deposit growth, stagnant margins since the merger, steady credit cost/write-off run-rate, and uncertainty from labour-code and agri regulatory matters). Management provided clear strategic priorities and a medium-term glide path, but several important levers (deposit acceleration, further reduction in borrowing costs, regulatory rule clarity) remain conditional. Overall the tone is balanced — confident on execution but cautious on near-term headwinds and timing risks.Company Guidance
Credit Growth Momentum and Guidance
Management described credit growth buildup as "extremely encouraging" and expects to outpace system loan growth in FY27. Management expects system growth next year of ~12%-13% and targets a couple of hundred basis points above that.
Asset Quality Remains Strong
Bank reported low slippage trends: slippages ex-agri were ~24 bps in the quarter (prior quarter ~23 bps). Management highlighted very low accretion to GNPA and decadal-low net NPAs; recoveries support net credit cost.
Liquidity and Coverage Metrics
Liquidity cushion remains comfortable: reported LCR of 116% for the quarter. Management does not expect new LCR guidelines (Apr 2026) to materially change their position.
Deposit and Retail Franchise Strength
Management emphasized strong granular retail deposit mobilization and rate discipline. Individual retail deposits grew at a solid double-digit pace (branch-driven), while institutional segments were mid-single-digit. The bank added ~1.5 million new liability relationships in the quarter and serves ~100 million customers.
Cost of Funds Improvement
Cost of funds decreased by roughly 10-11 basis points in the quarter, reflecting partial pass-through of policy easing and improved funding mix.
Branch Productivity and Distribution Scale
Network of ~9,600+ branches with per-branch productivity of ~INR 305 crore on aggregate. Breakeven for new branches ~22 months (metro/urban) to ~27 months (semi-urban/rural). Vintage cohorts indicate future scaling (e.g., 1,232 branches in 5–10 year bucket).
Cards and Consumer Spend Momentum
Card spend grew ~15% YoY and ~3.4% sequentially; discretionary card spend +21% YoY and nondiscretionary +13% YoY. Management is focusing on transactor customers (cards as liability acquisition tool) and noted card customers support ~5–5.5x deposit balances on aggregate.
One-time Agri Provision Recognized
Following regulatory inspection, the bank took an agri-related provisioning charge of ~INR 5 billion which was subsumed in the December quarter results.
IN:HDFCBANK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
IN:HDFCBANK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 22, 2025 | ₹809.93 | ₹821.43 | +1.42% |
Jan 16, 2024 | ₹813.68 | ₹817.13 | +0.42% |
Oct 16, 2023 | ₹747.92 | ₹744.40 | -0.47% |
Jul 17, 2023 | ₹800.71 | ₹817.25 | +2.07% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does HDFC Bank Limited (IN:HDFCBANK) report earnings?
HDFC Bank Limited (IN:HDFCBANK) is schdueled to report earning on Apr 20, 2026, TBA (Confirmed).
What is HDFC Bank Limited (IN:HDFCBANK) earnings time?
HDFC Bank Limited (IN:HDFCBANK) earnings time is at Apr 20, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of HDFC Bank Limited stock?
The P/E ratio of HDFC Bank Limited is N/A.
What is IN:HDFCBANK EPS forecast?
IN:HDFCBANK EPS forecast for the fiscal quarter 2026 (Q4) is 11.78.