HDFC Bank Revenue History — Quarter by Quarter

HDFC Bank's revenue moved from ₹32,829 Cr in Q1 FY24 to ₹8,50,40,17,00,000 Cr in Q3 FY25, a 2590397719.0% change over 5 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

Quarter	Revenue (₹ Cr)	YoY Change
Q3 FY25	₹8,50,40,17,00,000 Cr	—
Q1 FY25	₹8,15,46,20,00,000 Cr	—
Q4 FY24	₹7,94,33,61,00,000 Cr	—
Q2 FY24	₹38,093 Cr	+33%
Q1 FY24	₹32,829 Cr	+26.9%

What management said about revenue

Q3 FY25 · FY25 loan growth below system, FY26 in line, FY27 above system

Management reiterated its glide path: loan growth will be slower than the system in FY25, in line in FY26, and faster in FY27, as the credit-deposit ratio normalizes.

Q3 FY25 · Deposit growth to continue outpacing loan growth

The bank expects to maintain deposit growth ahead of loan growth to further reduce the credit-deposit ratio, supported by strong liability franchise.

Q3 FY25 · Cost control with productivity gains

Management aims to keep cost growth tight through productivity improvements, while continuing investments in branches, people, and technology.

Q2 FY25 · Credit growth glide path: FY25 below system, FY26 at system, FY27 above system

Management outlined a three-year plan to normalize the loan-to-deposit ratio, with credit growth slower than system in FY25, matching system in FY26, and exceeding system in FY27.

Q1 FY25 · Loan-deposit ratio to decline faster than anticipated

Management aims to reduce the loan-deposit ratio more quickly than previously planned, prioritizing profitable growth over volume.

Q3 FY24 · Deposit growth to outpace loan growth by 300-400 bps

Management expects deposit growth to exceed loan growth by 300-400 basis points to reduce the LDR over time.

Q2 FY24 · Construction finance book to grow steadily

The bank plans to grow the construction finance portfolio, which will support top-line and margin recovery.

Q1 FY24 · Loan growth of 17-18% for FY24

Management expects full-year loan growth in the 17-18% range, consistent with historical doubling every 4-5 years.

Q1 FY24 · Retail deposit accretion of ~INR 1 trillion per quarter

Management indicated that the capacity built should enable retail deposit accretion of around INR 1 trillion per quarter, though Q1 was seasonally lower.