Rs 22 Dividend With June 27 Record Date: Is HDFC Bank Set To Surge Past Rs 2000?

HDFC Bank's shares began trading on the BSE on Monday at Rs 1922.05, hit a new 52-week high of Rs 1,950, and ended the day 1.10% higher at Rs 1927.55 a share, with a market value of Rs 14,75,003.99 Cr. The stock jumped 7.47% in the previous week, so far in 2025, it has gained 8.14% year-to-date. Following the announcement of strong Q4 results and a sizeable dividend of 2200% for FY25, HDFC Bank-the largest private bank in India by market capitalization and asset base-is displaying indications of a possible recovery following a protracted period of consolidation.

HDFC Bank Dividend

"The Board also recommended a dividend of Rs. 22 per equity share of Re. 1/- each fully paid up (i.e. 2200 %) for the FY 2024-25, subject to the approval of the shareholders. The record date for determining the eligibility of members entitled to receive the said dividend is Friday, June 27, 2025," said HDFC Bank in a stock exchange filing on April 19.

HDFC Bank Q4 Results

The company's standalone net profit was Rs 17,616.14 Cr, increasing 6.7% from Rs 16,511.85 Cr in the same period last year. In Q4FY25, the bank's net income was Rs 89,487.99 Cr, as against Q4FY24's Rs 89,639 Cr. In the March 2025 quarter, the bank's operating profit was Rs 26,536.70 Cr, whereas in the March 2024 quarter, it was Rs 29,274.24 Cr. The bank's net interest income increased by 10.3% from Rs 29,080 crore for the quarter ending March 31, 2024, to Rs 32,070 crore for the quarter ending March 31, 2025.

In Q4FY25, HDFC Bank recorded a consolidated net profit of Rs 18,834.88 Cr, increasing 6.9% YoY from Q4FY24's net profit of Rs 17,622.38 Cr. The bank's March 2025 quarter consolidated net income was Rs 1,20,268.76 Cr, a 3.3% YoY drop from the March 2024 quarter's Rs 1,24,391.35 Cr.

During the quarter, gross non-performing assets (GNP) totaled Rs 35,222.6 crore, up from Rs 36,018.6 crore in Q3FY25. The net NPA ratio was 0.43% compared to 0.46% in the prior quarter (October-December 2024), while the GNPA ratio was 1.33% compared to 1.42%. In comparison to Rs 3153.85 crore in the third quarter (Q3FY25) and Rs 13,511.6cr in the Q4FY24, the provisions came to Rs 3,193 crore in the quarter under review.

The bank's earnings per share were Rs 24.6 for the quarter that ended on March 31, 2025, and Rs 92.8 for the year FY25. The book value per share was Rs 681.9 as of March 31, 2025.

HDFC Bank Share Price Target

"HDFC Bank is showing signs of a potential rebound after a prolonged consolidation phase. With strong support around ₹1880-₹1900, a sustained move above ₹1950 could trigger a rally toward ₹2000-₹2025 levels. RSI is gradually picking up, and any rise in volumes would further confirm bullish strength. Outlook remains positive with a stop-loss at ₹1880," commented Riyank Arora - Technical Analyst - Mehta Equities Limited.

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