HDFC Bank Share Price Falls 1.5%: A Historical Look at March Performance

HDFC Bank is the largest private sector bank in India in terms of both advances and deposits. As of Q2FY25, the bank’s net advances stood at ₹24,951 billion. With a vast retail presence, HDFC Bank holds a leading market share across various product lines. By the end of Q2FY25, the bank had an extensive network of 9,092 branches and a workforce of 2,07,000 employees.

HDFC Bank Share Price Movement

As of 1:07 PM on March 3, 2025, HDFC Bank’s share price was down by 1.52%. Despite this dip, the stock outperformed the Nifty50 index in February, delivering positive returns of 1.98%. However, on a year-to-date (YTD) basis, the stock has declined by 3.8% so far.

HDFC Bank has historically maintained a streak of positive annual returns, with the last negative yearly close recorded in 2013. Since then, the bank has delivered consistent gains, with the highest annual return of 55.23% seen in 2017.

March Performance: Historical Trends

Looking at its March performance over recent years, HDFC Bank’s share price has delivered positive returns between 2022 and 2024. However, during the COVID-19 pandemic in March 2020, the stock witnessed a sharp decline of 26.80%.

The stock’s 52-week high and low range stands at ₹1,421.25 and ₹1,880, respectively, reflecting its volatility in the given period.

Q3FY25 Financial Performance

HDFC Bank reported a 2.2% year-on-year (YoY) growth in its standalone net profit for the December 2024 quarter. The net profit stood at ₹16,736 crore, compared to ₹16,373 crore in the same period last year.

Net Interest Income (NII) Growth

For Q3FY25, the bank’s Net Interest Income (NII) grew by 7.7%, reaching ₹30,650 crore. This was an increase from ₹28,470 crore reported for Q3FY24.

Deposit Growth

The bank’s average deposits for the December 2024 quarter stood at ₹24,52,800 crore, marking a 15.9% YoY growth from ₹21,17,100 crore in the December 2023 quarter. Compared to the September 2024 quarter, deposits saw a 4.2% rise from ₹23,54,000 crore.

Asset Quality and Non-Performing Assets (NPAs)

HDFC Bank’s gross non-performing assets (GNPAs) stood at 1.42% of gross advances as of December 31, 2024. Excluding NPAs in the agricultural segment, the GNPA ratio was 1.19%. This was a slight increase from 1.36% in the September 2024 quarter.

Comparing YoY figures, the GNPA ratio stood at 1.26% in December 2023 (1.11% excluding agricultural NPAs). Meanwhile, net NPAs were recorded at 0.46% of net advances as of December 31, 2024.

Conclusion

HDFC Bank remains a dominant player in India’s banking sector, with a strong market presence and consistent financial performance. While its share price declined 1.5% on March 3, 2025, historical data suggests that the stock has maintained a track record of resilience. 

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