hdfc bank investor presentation q1 2024

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• hdfc bank latest quarterly result for q1fy24

Open DEMAT AND TRADING ACCOUNT WITH ICICIDIRECT

• 17 Jul 2023
• ICICIdirect

HDFC BANK Q1 RESULTS 2024: PROFIT JUMPS, ASSET QUALITY MAINTAINED

HDFC Bank reported its June quarter numbers on Monday afternoon. The bottom line is above market expectations. The share closed 2.05% higher after the result announcement. Let us look at HDFC Bank's Q1FY24 quarterly numbers in detail.

About HDFC Bank

The company needs no introduction. Of late, it has been in the news as HDFC Limited is now merged with HDFC Bank, making it one of the biggest banks in the world. HDFC Bank is one of the largest private sector banks in India. It was established in 1994. HDFC Bank provides a wide range of banking and financial services to individuals, businesses, and corporates.

Crucial parameters

• PE Ratio: 20.86
• Sector PE: 25.46
• Dividend Yield: 1.10%
• ROE: 15.74%

Share price movement

After the result announcement on Monday, HDFC shares have gained nearly 2%. The share price has been going through a time correction wherein the price has not moved much despite the bank reporting growth in the topline and bottomline. I

In 2023, the bank has only given 3% returns. In the 5-year time frame, the bank has delivered 53.27%, which is much lower than the 5-year historical returns.

How has HDFC Bank performed in Q1FY24?

Below are key numbers related to HDFC Bank's results for the June 2023 quarter:

Revenue:  HDFC Bank reported net revenue of Rs 32,829 crore for Q1FY24, a growth of 26.9%. In the year-ago period, the bank reported a net revenue of Rs 25,870 crore. Sequentially, the topline is down from Rs 34,552.80 crore.

Net Interest Income:  Net interest income (NII) measures the difference between the interest income generated from loans, investments, and other interest-earning assets and the interest expenses incurred on deposits, borrowings, and other interest-bearing liabilities. It reflects the bank's ability to effectively manage its interest rate risk and generate profits from its interest-related operations. A higher net interest income indicates that the bank is earning more from its interest-earning assets than it is paying on its interest-bearing liabilities, which is a positive sign for its profitability and overall financial health.

The NII for HDFC Bank for the June quarter was Rs 23,599 crore, a jump of 21.1%. In the year-ago period, the net interest income was Rs 19,481 crore. In Q4FY23, the NII was Rs 24,940 crore. The core net interest margin was 4.1% of the total assets and 4.3% based on interest-earning assets.

Other income: It includes the non-interest income, and it was Rs 9,230 crore, which translates to 28.1% of the net revenue. In the year-ago period, it was Rs 6388 crore. Other income has four components - Fees and commissions stood at Rs 6,290 crore. Foreign exchange and derivative revenue were reported at Rs 1,309 crore, net trading and mark-to-market gains of Rs 552 crore, and miscellaneous income of Rs 1079 crore.

Profits:  The bank reported a net profit of Rs 11,951 crore for Q1FY24, a jump from Rs 9,196 crore in the year-ago period. The profit is higher than the earlier estimates.

Deposits : Total deposits grew at a healthy rate of 19.2%. The bank reported a total deposit of Rs 19.14 lakh crore. CASA deposits increased by 10.7%, with savings account deposits at Rs 5.61 lakh crore and current account deposits at Rs 2.52 lakh crore. The Time deposits saw exceptional growth numbers, it grew to Rs 11 lakh crore with a 26.4% increase. The overall CASA deposits comprised 42.5% of total deposits at the end of the June quarter.

Asset Quality:  The HDFC Bank reported Gross non-performing assets (NPAs) at 1.17% of gross advances for Q1FY24, as against 1.12% in Q4FY23 and 1.28% in Q1FY23. Net non-performing assets were at 0.30% of net advances.

How have HDFC Bank subsidiaries performed in Q1FY24?

HDFC Securities Limited (HSL)  is amongst the leading retail broking firms in India. At the end of the June quarter, the Bank held a 95.6% stake in HSL. For the quarter ended June 30, HSL's total revenue was at Rs 497 crore, as against Rs 432 crore in the year-ago period. Profit after tax for the quarter was Rs 189 crore, as against Rs 189 crore for the quarter ended June 30, 2022.

HDB Financial Services Limited (HDBFSL)  is a non-deposit-taking non-banking finance company (NBFC) offering a wide range of loans and asset finance products to different customer segments. As on June 30, 2023, the Bank held a 94.8% stake in HDBFSL. For Q1FY24, HDBFSL's net revenue was at Rs 2,314 crore as against Rs 2,194 crore for the quarter ended June 30, 2022, a growth of 5.5%. Profit after tax for the quarter ended June 30, 2023, was Rs 567 crore compared to Rs 441 crore for the quarter ended June 30, 2022, a growth of 28.5%.

Closing thoughts

The bank has reported improved margins and higher net interest income, which will improve its CASA in the coming quarters. The advances have improved across segments, with a total growth of 20.1% in the June quarter. Domestic retail loans grew by 20.0%, commercial and rural banking loans, grew by 29.1%, and corporate and other wholesale loans grew by 11.2%. Overseas advances constituted 2.6% of total advances.

L&T has bagged a Mega order to build Advanced Grid Systems in the Middle East

Hg infra bags order worth ₹610 crore, launches nexon icng and nexon.ev with a 45 kwh battery pack., iifl finance plans to diversify business mix - both on assets and liabilities, piramal pharma analyst meet takeaways, explore more.

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HDFC Bank Ltd. Conference Calls and Earnings Call Transcripts

Hdfc bank ltd. conference calls and earnings call transcripts: get insights into company performance, financials, capex plans, and more..

• Earnings Transcripts
• Investor Presentations

HDFC Bank Ltd - 500180 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

HDFC Bank Ltd - 500180 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

HDFC Bank Results Earnings Call for Q1FY25

Conference Call with HDFC Bank Ltd. Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript .

HDFC Bank Ltd. Results Earnings Call for Q4FY24

Conference Call with HDFC Bank Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript .

HDFC Bank Results Earnings Call for Q3FY24

Conference Call with HDFC Bank Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript .

HDFC Bank Ltd - 500180 - Audio Recording Of Earnings Call For The Quarter Ended September …

HDFC Bank Results Earnings Call for Q2FY24

Conference Call with HDFC Bank Ltd. Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript .

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HDFC BANK Q1 Quarterly FY 2024 Results: Announcement Date, Time, Preview, Expectations | Earnings With ET NOW

HDFC BANK Q1 Quarterly FY 2024 Results: The quarterly results will be the first time for the banking sector bellwether after its Housing finance major HDFC merged with its subsidiary HDFC Bank on July 1.

Updated Jul 17, 2023 07:01 IST

Earnings With ET NOW | HDFC Bank to report its Q1FY24 result on July 17; take a look at the expectations and factors to watch👇 #HDFCBank @HDFC_Bank #StockMarket pic.twitter.com/dtwEA7XHFi — ET NOW (@ETNOWlive) July 16, 2023

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US9173131080

Business support services.

• Usio : Presentation (Usio Investor Presentation Q2 2024 V2)

Integrated Payments Made

Nasdaq: USIO

August 2024

Usio is a leading FinTech that operates a full stack of proprietary and integrated, cloud-based electronic payment and embedded financial solutions to a wide range of merchants, billers, banks, service bureaus, and card issuers. Usio operates card and ACH payment processing, card issuing and bill presentment and payment to deliver convenient, world-class solutions and services to their clients.

25 Year History Developing Leading Payment

Solutions & Offerings

Became Usio, a fusion of payment technology leaders and companies

• NASDAQ symbol: USIO. Launched Remote Check Creation platform (RCC)

Exceeded $200M Market

Cap on NASDAQ,

Transitioned from a

Traditional Data Center to a

Cloud Provider

Investment Summary

DIVERSIFIED & INNOVATIVE

In the Fast-Growing FinTech space, Usio offers multi-channel product portfolio in diversified industries

Payment Facilitation

Card Issuing

Output Solutions

Revenue Grew 7x Since 2016

% Revenue Growth

• Prepaid business grew from $323K in 2016 to $19M in

usio.com 2023

• Payment Facilitation grew from launching in 2018 to a $12M business in 2023

• Consolidated Gross Profits increased from $4M in

2017 to $19M in 2023

Fintech Ecosystem

Nasdaq: USIO usio.com

Facilitation

Payment Facilitation (PayFac) is the latest innovation in merchant acquiring, providing

frictionless merchant onboarding, enrollment and automated risk/underwriting

procedures - which have traditionally been very manual processes - to provide for mass adoption and scale in short order by way of a leveraged distribution model (one- to-many). Our differentiated go-to-market strategy creates loyalty and enhances customer value of the Integrated Software Vendors (ISVs) we serve. ISVs are now able to monetize payments flowing through their software applications, turning payments from a cost center to a revenue generating business unit.

OF Q2 2024 REVENUE (includes all card)

HOW WE MAKE MONEY

AVERAGE GROSS REVENUE ON DOLLARS PROCCESSED

OF GROSS MARGIN

AVERAGE REVENUE SHARE TO PARTNERS

NET MARGIN TO USIO

Usio is the Fintech leader in payments and a Nacha Certified provider that streamlines payment acceptance and minimizes processing costs. Usio provides ACH processing at a fraction of the cost than credit or debit cards. Usio is unique in that we are the longest-tenured Nacha certified third-party sender in our industry, has its own bank routing number, and direct access to the Fed . Our highest margin business, ACH provides cash we use to continue to fund and invest in our growth engines - PayFac and Prepaid.

OF Q2 2024 REVENUE

ON AVERAGE WE EARN

NET REVENUE PER

TRANSACTION

ON A RETURN OR ORIGINATION

Usio Inc. published this content on September 27, 2024 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on September 27, 2024 at 15:09:05 UTC .

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HDFC Bank's arm HDB Financial Services to raise Rs 2,500 crore via IPO

"we wish to inform you that the board of directors of the company at its meeting held today has inter-alia, subject to the approval of the shareholders, considered and approved the ipo of the equity shares of face value rs 10 each comprising of a fresh issue of equity shares aggregating up to rs 2,500 crore and an offer for sale (ofs) of equity shares by existing and eliglible shareholders of the company," the bank stated..

• Updated Sep 20, 2024, 5:36 PM IST

HDB Financial Services, a unit of country's largest private lender HDFC Bank, has approved raising Rs 2,500 crore through a fresh issue of shares in its initial public offering (IPO), the lender said in an exchange filing on Friday.

"We wish to inform you that the Board of Directors of the Company at its meeting held today has inter-alia, subject to the approval of the shareholders, considered and approved the IPO of the equity shares of face value Rs 10 each comprising of a fresh issue of equity shares aggregating up to Rs 2,500 crore and an offer for sale (OFS) of equity shares by existing and eliglible shareholders of the company who may offer to tender their equity shares which is subjected to approval of the shareholders of the company, market conditions, receipt of applicable approvals, regulatory clearances and other considerations," the bank stated.

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Both local and international investors are driving this momentum, and all signs point to continued growth and opportunities ahead, it added.

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Value Gap Is Closing For New York Community Bank

• NYCB's price still sits at a deep discount to its balance sheet, and due diligence by new management of its loans has raised confidence.
• The turnaround story focuses on reducing noninterest expenses and growing C&I assets, aiming for $30-35 billion in the next 3-5 years.
• Rate cuts should modestly increase the equity on the balance sheet, and will improve conditions for distressed borrowers broadly.
• A soft landing, however, isn't confirmed, and recent actions by former political rivals of company leadership spell out additional risks not necessarily felt by other banks.

New York Community Bancorp ( NYSE: NYCB ) is a regional bank currently going through a turnaround. As such, it's been riddled with updates and changing opinions. I recently covered it in June, rating it a Buy because of its

This article was written by

Analyst’s Disclosure: I/we have a beneficial long position in the shares of NYCB either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. I also trade covered calls on my NYCB stock position.

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Hdfc life q1 results: net profit rises 15% yoy to rs 477 crore.

On Monday, HDFC Life, a prominent insurer, announced a 15% increase in its standalone net profit for the first quarter, reaching Rs 477 crore compared to Rs 415 crore in the corresponding period last year.

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