HDB Financial Services posted strong Q1 FY25 results

HDB Financials released its financials for Q1 FY25. The company recorded a revenue growth of 14.7% in Q1 FY25 from Rs 3,387 in Q1 FY24 to Rs 3,884 Cr. The profit of the company grew by 3.1% from Rs 761 Cr in Q1 FY24 to Rs 784 Cr in Q1 FY25. The capital adequacy ratio of the company declined by 4.6% from 19.7% in Q1 FY24 to 18.8% in Q1 FY25 and the liquidity coverage ratio of the company increased by 7.1% from 224% to 240%.

An interesting point is to note that the interest income of the company increased by 26.8% from Rs 2,573 Cr in Q1 FY24 to Rs 3,264 Cr in Q1 FY25 whereas income from the sale of services declined by 45.7% from Rs 577 Cr in Q1 FY24 to Rs 313 Cr in Q1 FY25 and the finance cost increased by 39.5% from Rs 1,072 Cr in Q1 FY24 to 1,496 Cr in Q1 FY25.