Financial Services Sector — Q3 FY25 Earnings Overview
5 companies reported. 2 bullish, 3 neutral, 0 bearish.
Company Results
| Company | Revenue | YoY | Margin | Sentiment |
|---|---|---|---|---|
| HDFC Bank | ₹8,50,40,17,00,000 Cr | — | — | neutral medium |
| Kfin Technologies | ₹290 Cr | +33% | 44.1% | bullish high |
| Icicibank | — | — | — | bullish high |
| Bajaj Finance | — | — | — | neutral medium |
| Axis Bank | — | — | — | neutral medium |
Key sector risks this quarter
Management flagged that high-frequency data shows the economy slowing, which could worsen asset quality and delay credit cost recovery.
Kfin Technologies · highA sustained market downturn could reduce AUM growth and revenue, especially if net inflows fail to offset mark-to-market losses.
Axis Bank · highRetail slippages, largely from unsecured products, have increased 40-45 bps YoY. Management expects corrective actions to help but does not call a peak.
Icicibank · mediumPersonal loan and credit card portfolios have seen increased delinquencies over the past six quarters; management has taken corrective actions but trend may persist.
Icicibank · mediumCost of deposits rose to 4.91% from 4.88% sequentially, and NIM declined 18bps YoY; further pressure could impact profitability.