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Bladex vs Hdfc Bank: revenue, profit, margins and growth compared

Bladex brought in $303.6M of revenue in fiscal 2024, Hdfc Bank $25.6B in fiscal 2025. Revenue changed by +14.1% at Bladex and +15.2% at Hdfc Bank on the year before, so Hdfc Bank grew faster. Bladex kept 67.8% of its revenue as net profit, Hdfc Bank 30.8%. Free cash flow was -$124.5M at Bladex and $13.2B at Hdfc Bank.

Side by side, latest fiscal year

BLXHDB
Fiscal year endedFY2024 (December 31, 2024)FY2025 (March 31, 2025)
Revenue$303.6M$25.6B
Revenue growth+14.1%+15.2%
Net income$205.9M$7.9B
Net margin67.8%30.8%
Free cash flow-$124.5M$13.2B
Free cash flow margin-41.0%51.6%
Earnings per share (diluted)$5.60$1.04
Cash$2B$23.2B
Debt$4.4B$68.7B
Price to earningsn/an/a
Market value$2.1B$118.1B
Dividend yieldn/an/a
Rank by revenue in sector#268 of 444 · Finance#24 of 444 · Finance

Over the years

Revenue
BLX FY2017: $138.3MBLX FY2018: $127.6MBLX FY2019: $126.7MBLX FY2020: $99.2MBLX FY2021: $104.2MBLX FY2022: $166.7MBLX FY2023: $266.1MBLX FY2024: $303.6MHDB FY2018: $7.8BHDB FY2019: $8.6BHDB FY2020: $8.9BHDB FY2021: $10.7BHDB FY2022: $11.8BHDB FY2023: $13.8BHDB FY2024: $22.2BHDB FY2025: $25.6BFY17FY18FY19FY20FY21FY22FY23FY24FY25
BLX $303.6MHDB $25.6B
Net income
BLX FY2017: $82MBLX FY2018: $11.1MBLX FY2019: $86.1MBLX FY2020: $63.6MBLX FY2021: $62.7MBLX FY2022: $92MBLX FY2023: $166.2MBLX FY2024: $205.9MHDB FY2018: $2.7BHDB FY2019: $3.2BHDB FY2020: $3.5BHDB FY2021: $4.5BHDB FY2022: $5.1BHDB FY2023: $6BHDB FY2024: $7.5BHDB FY2025: $7.9BFY17FY18FY19FY20FY21FY22FY23FY24FY25
BLX $205.9MHDB $7.9B
Net margin
BLX FY2017: 59.3%BLX FY2018: 8.7%BLX FY2019: 67.9%BLX FY2020: 64.1%BLX FY2021: 60.2%BLX FY2022: 55.2%BLX FY2023: 62.4%BLX FY2024: 67.8%HDB FY2018: 35.1%HDB FY2019: 37.0%HDB FY2020: 38.6%HDB FY2021: 41.7%HDB FY2022: 43.3%HDB FY2023: 43.8%HDB FY2024: 33.6%HDB FY2025: 30.8%FY17FY18FY19FY20FY21FY22FY23FY24FY25
BLX 67.8%HDB 30.8%
Revenue growth
BLX FY2018: -7.8%BLX FY2019: -0.7%BLX FY2020: -21.7%BLX FY2021: +5.1%BLX FY2022: +59.9%BLX FY2023: +59.7%BLX FY2024: +14.1%HDB FY2019: +10.3%HDB FY2020: +3.9%HDB FY2021: +19.6%HDB FY2022: +10.0%HDB FY2023: +17.0%HDB FY2024: +61.6%HDB FY2025: +15.2%FY18FY19FY20FY21FY22FY23FY24FY25
BLX +14.1%HDB +15.2%
Free cash flow
BLX FY2017: $713.7MBLX FY2018: -$174.2MBLX FY2019: -$93.5MBLX FY2020: $1.2BBLX FY2021: -$872.2MBLX FY2022: -$771.3MBLX FY2023: $1.1BBLX FY2024: -$124.5MHDB FY2018: $1.3BHDB FY2019: $2.4BHDB FY2020: $2BHDB FY2021: $12.4BHDB FY2022: $7.3BHDB FY2023: $5.3BHDB FY2024: $11.6BHDB FY2025: $13.2BFY17FY18FY19FY20FY21FY22FY23FY24FY25
BLX -$124.5MHDB $13.2B

Fiscal years as each company reports them; the two may end in different months.

Questions about Bladex and Hdfc Bank

Which is bigger by revenue, Bladex or Hdfc Bank?

Hdfc Bank is bigger by revenue: $25.6B in fiscal 2025, against $303.6M for Bladex in fiscal 2024.

Which keeps more of its revenue as profit, Bladex or Hdfc Bank?

Bladex had a net margin of 67.8% in fiscal 2024; Hdfc Bank had 30.8% in fiscal 2025.

Which grew revenue faster, Bladex or Hdfc Bank?

In their latest fiscal years revenue changed by +14.1% at Bladex and +15.2% at Hdfc Bank.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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