HDFC Bank (ADR)
Combines Indian retail and wholesale banking with mortgages, cards, treasury, and digital delivery.
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Profile
Combines retail deposits and lending with wholesale banking, treasury, cards, and mortgage finance across India. Revenue comes from banking and related financial services, while the 2023 parent merger widened the product set and increased dependence on banking regulation, post-merger prudential compliance, and technology resilience.
Provides retail and wholesale banking through branch and digital channels across India. Retail Banking gathers deposits and makes consumer, small-business, and mortgage loans, while Wholesale Banking serves corporate and institutional customers with lending and transaction services.
Treasury manages investments, funding, liquidity, foreign exchange, and derivatives. Other Banking Operations includes cards and related para-banking activities. The 2023 merger with its housing-finance parent brought home loans directly into the bank and connected the franchise more closely with group insurance, mutual-fund, and brokerage services.
Scale has been built through regulated mergers, a wide Indian distribution network, and electronic delivery. Operations depend on Reserve Bank of India supervision, prudential compliance, and resilient technology; past service outages led to temporary restrictions on new card issuance and digital launches.
Company facts
Categories
Key statistics
Year to date −36.7% · Average volume (30d) 8.6M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 20, 2026Q1 FY27 | $0.38 | $0.40 | +5.3% | $5.06B | $4.81B | −4.9% | +0.55% |
| Jul 18, 2026Q1 FY27 | $0.38 | $0.40 | +5.3% | $5.00B | $4.81B | −3.9% | −10.54% |
| Jul 17, 2026Q1 FY27 | $0.38 | $0.40 | +4.6% | $5.00B | $5.00B | 0.0% | −10.54% |
| Apr 18, 2026Q4 FY26 | $0.39 | $0.43 | +10.3% | $5.10B | $4.97B | −2.5% | −3.38% |
Financial highlights
| 12 quarters | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|
| Revenue | $7.22B | $13.93B | $12.64B | $13.42B | $12.45B | $14.04B | |
| Gross profit | $1.64B | $7.33B | $7.20B | $8.19B | $7.27B | $8.61B | |
| Operating income | $1.62B | $2.18B | $2.84B | $2.85B | $2.95B | $2.87B | |
| Net income | $1.61B | $1.70B | $2.09B | $2.09B | $2.17B | $2.03B | |
| Diluted EPS | $0.39 | $0.33 | $0.41 | $0.40 | $1.26 | $1.20 | |
| Gross margin | 22.7% | 52.6% | 57.0% | 61.0% | 58.4% | 61.4% | |
| Operating margin | 22.5% | 15.7% | 22.5% | 21.2% | 23.7% | 20.4% |
Fiscal years (4-quarter sums)FY22 $17.59B · FY23 $20.77B · FY24 $36.91B · FY25 $40.73B · FY26 $52.44B
Balance sheet, Jun 30, 2026Cash & short-term investments $25.08B · Total debt $59.70B · Total assets $524.50B · Shareholders' equity $63.97B
Dividends
Raised for 4 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 7, 2026 | Jun 18 | Aug 17 | $0.4086 | cut from $0.4188 |
| Jun 18, 2026 | Jun 18 | $0.4188 | raised from $0.3531 | |
| Jun 17, 2026 | Jun 18 | $0.3531 | cut from $0.3756 split-adjusted | |
| Aug 11, 2025 | Jun 26 | Aug 20 | $0.7513 | cut from $1.32 |
| Jul 31, 2025 | Jul 31 | Aug 20 | $0.1708 | special dividend |
| Jun 26, 2025 | $1.32 | raised from $0.6956 | ||
| Aug 12, 2024 | May 9 | Aug 21 | $0.6956 | |
| May 8, 2024 | $0.6956 | raised from $0.6843 |
Ownership
Shares outstanding 5.13B · Float —
Float — provider float and free-float percent disagree.
The provider's float, free-float percent and share count do not reconcile, so the float is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Morgan Stanley | 53.27M | 1.04% | 13F | Aug 13, 2026 |
| Royal Bank of Canada | 43.20M | 0.84% | 13F | Aug 14, 2026 |
| Schroder Investment Management Group | 21.79M | 0.42% | 13F | Aug 13, 2026 |
| JPMorgan Chase & Co | 19.10M | 0.37% | 13F | Aug 12, 2026 |
| Bank of America Corp /DE/ | 17.25M | 0.34% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 7, 2026 | N. Srinivasan | officer: Group Head - Operations | −10,000 | $8.72 |
| Apr 28, 2026 | Ashish Parthasarthy | officer: Group Head - Treasury | −5,600 | $8.70 |
| Apr 21, 2026 | Ashish Parthasarthy | officer: Group Head - Treasury | −6,000 | $8.94 |
| Mar 23, 2026 | N. Srinivasan | officer: Group Head - Operations | −10,000 | $8.21 |
Peers
- ICICI Bank (ADR)
Closest private-bank peer across retail, corporate, cards, and digital banking
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| HDFC Bank (ADR) | $23.02 | −0.28% | $118.39B | 7.1 | 18.2 | 2.2 | −20.5% |
| ICICI Bank (ADR) | $29.92 | +0.03% | $106.86B | 18.4 | 23.3 | 3.4 | −60.7% |
| Median | 18.4 | 23.3 | 3.4 | −60.7% |