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Informist, Saturday, Apr. 18, 2026

 

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--HDFC Bank Jan-Mar net profit INR 192.21 bln
--HDFC Bank Jan-Mar net profit INR 192.21 bln vs INR 176.16 bln year ago 
--Analysts saw HDFC Bank Jan-Mar net profit at INR 191.13 bln 
--HDFC Bank Jan-Mar total income INR 898.09 bln vs INR 894.88 bln year ago 
--HDFC Bank Jan-Mar provisions INR 26.10 bln vs INR 31.93 bln year ago 
--HDFC Bank FY26 net profit INR 746.71 bln vs INR 673.47 bln year ago 
--HDFC Bank FY26 total income INR 3.70 tln vs INR 3.46 tln year ago 
--HDFC Bank capital adequacy ratio 19.71% on Mar 31 
--HDFC Bank net NPA ratio 0.38% on Mar 31 vs 0.42% quarter ago 
--HDFC Bank gross NPA ratio 1.15% on Mar 31 vs 1.24% quarter ago 
--HDFC Bank to raise up to INR 600 bln via debt 
--HDFC Bank final dividend record date Jun 19 
--HDFC Bank to pay INR 13 per share final dividend
--HDFC Bk: Jan-Mar write-offs INR 27 bln vs INR 32 bln qtr ago 
--HDFC Bk Jan-Mar recoveries, upgrades INR 46 bln vs INR 45 bln qtr ago 
--HDFC Bk Jan-Mar slippages INR 62 bln vs INR 86 bln qtr ago 
--HDFC Bank: Retail gross NPA at 1.1% on Mar 31 vs 1.2% qtr ago 
--HDFC Bank Jan-Mar cost of funds at 4.4% vs 4.5% qtr ago 
--HDFC Bank Jan-Mar credit cost at 0.35% vs 0.55% qtr ago 
--HDFC Bank CASA ratio 34% on Mar 31 
--HDFC Bank: Retail loans at INR 16.15 tln on Mar 31, up 6.5% YoY 
--HDFC Bank: Average liquidity coverage ratio at 114% on Mar 31 
--HDFC Bank Jan-Mar cost-to-income ratio at 39.9% 
--HDFC Bank Jan-Mar net interest margin at 3.38% vs 3.4% qtr ago 
--HDFC Bank Jan-Mar net interest income INR 330.8 bln, up 3.2% on yr

 

By Krity Ambey

 

NEW DELHI – A fall in provisions lifted HDFC Bank's net profit for the March quarter even as the lender's income was nearly flat on year. With profit for the quarter at INR 192.21 billion, the bank beat the market view of INR 191.13 billion by a hair.

 

HDFC Bank's net profit grew 9% on year in the March quarter as provisions fell 18% on year to INR 26.10 billion. Sequentially, the bank's bottom line was up 3%, as provisions declined 8% on quarter. Due to fall in provisions, the bank's total expenses for the quarter were down nearly 2% on year and a little over 1% on quarter at INR 620 billion.

 

HDFC Bank's total income was nearly flat at INR 898 billion, compared to INR 895 billion a year ago. The bank's total income fell marginally from INR 900 billion in the December quarter.

 

The bank's net interest income--the difference between interest earned and interest expended--was INR 330.82 billion, up 3% on year and 1% on quarter. The net interest income for the quarter was lower than analysts' estimate of INR 336.88 billion. The lender's net interest margin compressed to 3.38% from 3.4% in the December quarter. Its cost-to-income ratio for the quarter was 39.9%.

 

The bank's asset quality ratio in the March quarter improved on year as well as on quarter. Its gross non-performing asset ratio was 1.15% as of Mar. 31, compared with 1.33% a year ago and 1.24% as of Dec. 31, and retail gross non-performing asset ratio recovered to 1.1% from 1.2% at the end of December. The net non-performing asset ratio improved to 0.38% as of Mar. 31, from 0.43% last year and 0.42% at the end of trailing quarter.

 

HDFC Bank's slippages improved to INR 62 billion in the March quarter from INR 86 billion in Oct-Dec, taking recoveries to INR 46 billion from INR 45 billion in the trailing quarter. The write-offs for Jan-Mar fell to INR 27 billion from INR 32 billion in the December quarter. Credit cost improved to 0.35% during the reporting quarter from 0.55% in Oct-Dec.

 

Gross advances rose 12% on year to INR 29.60 trillion, which included INR 16.15 trillion of retail loans, up nearly 7% on year. Deposits, on the other hand, grew 14% on year to INR 31.05 trillion. The CASA ratio was 34% as of Mar. 31.

 

The lender, which reported a capital adequacy ratio of 19.71% as of Mar. 31, also announced that it will raise INR 600 billion through tier I and tier II capital bonds as well as long-term bonds through private placement. HDFC Bank's cost of funds was 4.4% in Jan-Mar, compared to 4.5% in the trailing quarter.

 

For the financial year 2025-26 (Apr–Mar), HDFC Bank's net profit was INR 746.71 billion, up nearly 11%. The lender's total income for FY26 was up nearly 7% at INR 3.70 trillion. The average liquidity coverage ratio as of Mar. 31 was 114%.

 

Shares of HDFC Bank, which declared a final dividend of INR 13 per share with Jun. 19 as the record date, Friday ended 0.6% higher at INR 799.90 on the National Stock Exchange.  End

 

Edited by Ashish Shirke

 

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