Financial Services Sector — Q4 FY24 Earnings Overview
5 companies reported. 3 bullish, 2 neutral, 0 bearish.
Average revenue growth: 4.9%
Sector sentiment: bullish
Aggregate revenue: ₹7,94,33,61,00,228 Cr
Average margin: 9.0%
Company Results
| Company | Revenue | YoY | Margin | Sentiment |
|---|---|---|---|---|
| HDFC Bank | ₹7,94,33,61,00,000 Cr | — | — | neutral medium |
| Kfin Technologies | ₹228 Cr | +24.7% | 45.0% | bullish high |
| Icicibank | — | — | — | bullish high |
| Bajaj Finance | — | — | — | neutral high |
| Axis Bank | — | — | — | bullish high |
Key sector risks this quarter
Bajaj Finance · high
The embargo on two products continues to impact loan bookings and AUM growth; timing of removal is uncertain.
Axis Bank · highManagement acknowledged deposit growth could be a key constraint to advances growth in the short term, as system deposit growth lags credit growth.
HDFC Bank · highManagement acknowledged irrational pricing by competitors on deposits, which could force HDFC Bank to either match rates or lose market share, impacting NIMs.
Kfin Technologies · mediumYields declined due to telescopic pricing, renegotiations, and asset mix shift towards passives, which could pressure revenue growth.
Kfin Technologies · mediumTop five clients contribute ~60% of international revenue, posing concentration risk if any client is lost.