HDFC Bank Ltd
HDB- Exchange
- NYSE
- Industry
- Commercial Banks, NEC
- SEC CIK
- 0001144967
No open-market purchases or sales by HDFC Bank Ltd insiders were filed in the last 90 days; 557 institutions reported holding it in 13F filings for Q2 2026, worth $16.7B in total; superinvestors Elliott Investment Management and Southeastern Asset Management (Longleaf) hold it.
- Currency
- INR
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 14, 2026, 1:12 AM ET
Amounts are in INR, the currency HDFC Bank Ltd reports in. Lines marked ≈ US$ convert key figures to US dollars.
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – | – |
| Revenue | INR 2.19T≈ US$25.9B | INR 1.85T≈ US$22.4B | INR 1.13T≈ US$14.1B | INR 892.4B≈ US$12.0B | INR 782.4B≈ US$10.5B |
| Interest expense | – | INR 1.53T | INR 775.5B | INR 584.3B | INR 592.3B |
| Income tax | INR 175.0B | INR 77.8B | INR 166.1B | INR 132.6B | INR 113.8B |
| Net income | INR 673.5B≈ US$7.97B | INR 622.7B≈ US$7.52B | INR 495.4B≈ US$6.17B | INR 386.0B≈ US$5.18B | INR 326.0B≈ US$4.39B |
| EPS, basic | INR 90.01 | INR 88.66 | INR 89.02 | INR 69.76 | INR 59.27 |
| EPS, diluted | INR 89.63 | INR 88.31 | INR 88.68 | INR 69.38 | INR 59.02 |
| Weighted shares, basic | 7.63B | 7.08B | 5.57B | 5.53B | 5.50B |
| Weighted shares, diluted | 7.66B | 7.11B | 5.59B | 5.56B | 5.52B |
| Margins and growth | |||||
| Net margin | 30.8% | 33.6% | 43.8% | 43.3% | 41.7% |
| Revenue growth, year over year | +18.1% | +63.9% | +26.8% | +14.1% | +16.1% |
| Net income growth, year over year | +8.2% | +25.7% | +28.4% | +18.4% | +25.2% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – | – |
| Property, plant and equipment | INR 172.4B | INR 147.0B | INR 87.6B | INR 65.8B | INR 53.1B |
| Goodwill | INR 1.63T | INR 1.63T | – | – | – |
| Intangible assets | INR 1.37T | INR 1.40T | – | – | INR 0 |
| Total assets | INR 48.2T≈ US$564.1B | INR 44.1T≈ US$529.4B | INR 25.8T≈ US$313.4B | INR 21.1T≈ US$278.3B | INR 18.0T≈ US$245.8B |
| Short-term debt | INR 1.31T | INR 1.31T | INR 1.09T | INR 554.2B | INR 239.3B |
| Long-term debt | INR 5.87T | INR 6.65T | INR 2.05T | INR 1.55T | INR 1.17T |
| Total liabilities | INR 39.6T | INR 36.2T | INR 22.8T | INR 18.6T | INR 15.8T |
| Shareholders' equity | INR 8.62T | INR 7.89T | INR 2.92T | INR 2.51T | INR 2.16T |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – | – |
| Operating cash flow | INR 1.20T≈ US$14.1B | INR 1.02T≈ US$12.4B | INR 477.2B≈ US$5.95B | INR 581.0B≈ US$7.80B | INR 921.8B≈ US$12.4B |
| Capital expenditures | INR 66.4B | INR 53.8B | INR 43.6B | INR 26.3B | INR 17.8B |
| Free cash flow | INR 1.13T≈ US$13.4B | INR 968.5B≈ US$11.7B | INR 433.6B≈ US$5.40B | INR 554.7B≈ US$7.45B | INR 904.0B≈ US$12.2B |
| Stock-based compensation | INR 24.6B | INR 20.1B | INR 14.0B | INR 13.9B | INR 10.6B |
| Dividends paid | INR 158.1B | INR 86.6B | INR 86.4B | INR 36.2B | INR 166.6M |
| Investing cash flow | INR -3.72T | INR -3.67T | INR -4.39T | INR -3.30T | INR -2.52T |
| Financing cash flow | INR 2.42T | INR 3.35T | INR 4.17T | INR 2.91T | INR 1.92T |
| Net change in cash | INR -103.1B | INR 698.6B | INR 265.4B | INR 191.3B | INR 318.7B |
| Ratio | |||||
| Stock-based compensation, % of revenue | 1.1% | 1.1% | 1.2% | 1.6% | 1.4% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Mar 31, 2025 | 7.65B | +0.7% | SEC |
| Mar 31, 2024 | 7.60B | +36.2% | SEC |
| Mar 31, 2023 | 5.58B | +0.6% | SEC |
| Mar 31, 2022 | 5.55B | +0.6% | SEC |
| Mar 31, 2021 | 5.51B | +0.5% | SEC |
| Mar 31, 2020 | 5.48B | +101.3% | SEC |
| Mar 31, 2019 | 2.72B | +4.9% | SEC |
| Mar 31, 2018 | 2.60B | +1.3% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
- ≈ US$ figures convert INR at FRED H.10 exchange rates (Federal Reserve): the average rate over the period for income and cash flow, and the rate on the period-end date, or the last business day before it, for the balance sheet.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits. Stock splits since Mar 31, 2020, from 13F share counts: 2-for-1 in Q3 2025.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.