HDB Financial Services Limited has announced its financial results for the first quarter of FY2025, showcasing notable growth. As per the consolidated financial statements, the total revenue of the Company increased 6% to Rs. 3884 crore as against Rs. 3667 crore in the previous quarter, March 31, 2024 and increased 14% compared to Rs. 3387 crore the same quarter previous year. The Net Interest Income (NII) surged by 26.9%, reaching ₹3,264 crore. 

The total expenses of the Company increased 11% to Rs. 3100 crore as against Rs. 2786 crore in the previous quarter and increased 18% as against Rs. 2626 crore in the same quarter previous year.  Notably, the firm successfully reduced its Employee Benefit Expenses by 11.9%, bringing them down to ₹906 crore.

During this period, the Company reported an 11% drop in its profit before tax to Rs. 784 crore as against Rs. 882 crore and 3% increase compared to Rs. 761 crore in the same quarter previous year. 

The net profit in this quarter dropped 11% to Rs. 582 crore as against Rs. 656 crore in the previous quarter and increased 2.6% as against Rs. 567 crore in the same quarter previous year. 

The company also reported a significant improvement in asset quality, with the Gross Non-Performing Assets (GNPA) ratio declining to 1.93% from 2.48% the previous year. These results highlight HDB Financial Services' solid financial health and improved asset management, positioning the company for continued growth.

While the overall financial performance was robust, there were increases in certain costs. The finance cost escalated by 39.5%, totaling ₹1,496 crore, and provisioning expenses rose by 54.3% to ₹412 crore. Tax expenses increased slightly by 4.7%, reaching ₹202 crore. 

The earning per share of the Company during this period was Rs. 7.33 as against Rs. 8.28 in the previous quarter while it was Rs. 7.16 in the same quarter previous year. 

HDB Financial Services Limited (HDBFS) is a leading non-banking financial company (NBFC).  It is a subsidiary of HDFC Bank, one of India's premier private sector banks. Established in 2007, HDBFS was founded to offer a wide range of financial services and products to individuals and businesses.