Which is the next HDFC Bank?
This question keeps getting asked all the time.
I remember an answer by someone at a forum long back.
HDFC Bank grows at 18-20% per year.
It doubles its profits every 4 years.
So HDFC Bank will create the next HDFC Bank in the next 4 years!
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And that answer has stayed with me.
Let's look at numbers, to see if this works!
HDFC Bank's annual profit in 2016 was Rs 12,800 crore
Last quarter (Q3FY23) profit : Rs 12700 crore!
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Consider these
HDFC Bank Annual Profits
2011 : Rs 4000 crore
2015 : Rs 10700 crore
2019 : Rs 22400 crore
2023(Expected): Rs 44000 crore
So ya, HDFC Bank is creating the next HDFC Bank almost every 4 years!
Disc: Not a recommendation to buy or sell.
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