Winning Bizness Desk

Mumbai. HDFC Bank has become the third Indian company to surpass a market capitalization of ₹15 lakh crore. On Tuesday, April 22, the bank achieved this milestone during trading hours. The private sector lender is now among the elite group of companies in the Indian stock market, following Reliance Industries and Tata Consultancy Services (TCS). Reliance Industries currently leads with a market cap of ₹17.46 lakh crore, followed by TCS at ₹12 lakh crore.

Strong Performance Fuels Share Rally

Shares of HDFC Bank rose by 1.71% on the day, closing at ₹1,960 per share. With this increase, the bank’s market cap reached ₹15.01 lakh crore. The stock has shown strong momentum in recent weeks, delivering a return of 5% over the last five days, 9% in a month, 15% in six months, and an impressive 30% over the past year. This rally is largely attributed to the bank’s robust financial performance in the fourth quarter.

Q4 Profit Rises 7% Despite Marginal Revenue Dip

For the January to March 2025 quarter, HDFC Bank reported a net profit of ₹17,616 crore, a 7% increase compared to ₹16,512 crore in the same period last year. The total revenue for the quarter stood at ₹89,488 crore. Of this, ₹62,951 crore was spent on operational expenses including salaries, electricity bills, and deposit-related costs. While the overall revenue declined slightly by 0.17% year-on-year, the net profit exceeded market expectations, signaling operational efficiency and resilience.

Generous Dividend Announced for Shareholders

In a move to reward investors, HDFC Bank announced a dividend of ₹22 per share. Dividends are a portion of the company’s profits distributed among shareholders. This announcement has further boosted investor sentiment and underlines the bank’s strong financial health and consistent performance.

HDFC Bank: A Banking Powerhouse with Vast Reach

Founded in 1994 by Hasmukhbhai Parekh, HDFC Bank has emerged as a leader in banking and financial services. Headquartered in Mumbai, the bank is currently led by Managing Director and CEO Sashidhar Jagdishan. As of now, HDFC Bank operates over 9,092 branches and more than 20,993 ATMs across India, making it one of the most extensive banking networks in the country.

Key Highlights:

• HDFC Bank becomes third Indian company to cross ₹15 lakh crore market capitalization.
• Only Reliance Industries and TCS have achieved this milestone before.
• HDFC Bank shares rose by 1.71%, closing at ₹1,960.
• The bank posted a 7% year-on-year rise in Q4 profit to ₹17,616 crore.
• Revenue dipped marginally by 0.17%, but profit beat analysts’ estimates.
• Declared ₹22 per share dividend for its shareholders.
• Operates over 9,092 branches and 20,993 ATMs nationwide.