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Income Statement (INR)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 693B | 3.6% |
| Gross Profit | 693B | 3.6% |
| Cost of Revenue | 31.4B | 0% |
| Operating expense | 465B | 5.3% |
| Net Income | 165B | 6.5% |
| EBITDA | -7.13B | 734.1% |
Balance Sheet (INR)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 40,065B | 0.6% |
| Total Liabilities | 6,734B | 7.8% |
| Total Equity | 4,758B | 4.3% |
| Shares Outstanding | 7.63B | 0.1% |
Cash Flow (INR)
| Q2 '24 | QoQ |
|---|
Financial Highlights for HDFC Bank in Q2 '24
HDFC Bank reported a revenue of 693B, which is a 3.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 693B, marking a 3.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 31.4B, a 0% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 465B, showing a -5.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 165B, showing a -6.5% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -7.13B, showing a -734.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
HDFC Bank faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. A decline in EBITDA signals potential operational challenges or increased costs.
