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Informist, Saturday, Oct. 17, 2026

 

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--HDFC Bank Jul-Sept net profit INR 195.10 bln 
--Analysts saw HDFC Bank Jul-Sept net profit at INR 193.59 bln 
--HDFC Bank Jul-Sept total income INR 972.58 bln 
--HDFC Bank Jul-Sept net profit INR 195.10 bln vs INR 186.41 bln year ago 
--HDFC Bank Jul-Sept total income INR 972.58 bln vs INR 910.41 bln year ago 
--HDFC Bank gross NPA ratio 1.11% on Sept 30 vs 1.17% quarter ago 
--HDFC Bank net NPA ratio 0.37% on Sept 30 vs 0.41% quarter ago 
--HDFC Bank Jul-Sept provisions INR 35.74 bln vs INR 35.01 bln year ago 
--HDFC Bank Apr-Sept net profit INR 385.70 bln vs INR 367.96 bln year ago 
--HDFC Bank capital adequacy ratio 18.87% on Sept 30 
--HDFC Bank Apr-Sept total income INR 1.89 tln vs INR 1.90 tln year ago 
--HDFC Bank Jul-Sept net interest margin 3.16% on total assets 
--HDFC Bank Q2 net interest margin 3.32% on interest earning assets 
--HDFC Bank Jul-Sept net interest income INR 346.2 bln, up 9.7% on yr 
--HDFC Bank: Average liquidity coverage ratio at 113% on Sept 30 
--HDFC Bank: Retail loans at INR 17.38 tln on Sept 30, up 11.7% YoY 
--HDFC Bank CASA ratio 32% on Sept 30 
--HDFC Bank Jul-Sept cost of funds at 4.4%, unchanged on qtr 
--HDFC Bk Jul-Sept slippages INR 61 bln vs INR 80 bln qtr ago 
--HDFC Bk Q2 recoveries, upgrades INR 37 bln vs INR 40 bln qtr ago 
--HDFC Bk: Jul-Sept write-offs INR 24 bln  vs INR 23 bln qtr ago 
 

 

By Pratiksha

 

NEW DELHI – HDFC Bank Ltd.'s net profit for the September quarter beat the Street view by a slim margin, thanks to a healthy rise in net interest income. However, profit growth was the slowest in seven quarters. 

 

The net profit of India's largest private-sector lender grew 5% on year to INR 195.1 billion for the September quarter. Sequentially, the bank's bottom line was up over 2%. Analysts had estimated a bottom line of INR 193.17 billion for Jul-Sept. 

 

HDFC Bank's total income came in at INR 972.58 billion, up nearly 7% on year and 6% on quarter. Net interest income rose almost 10% on year to INR 346.2 billion, slightly higher than analysts' estimate of INR 343.96 billion. The lender's interest income grew almost 9% on year to INR 834.27 billion in the September quarter while other income declined almost 4%, falling for the second consecutive quarter, to INR 138.31 billion. Other income declined, primarily due to an over-67% on-year fall in treasury income to INR 7.8 billion. 

 

The Mumbai-based bank's total expenses posted the biggest year-on-year rise in seven quarters, eating into the bottom line. Total expenses rose over 7% on year and 6% on quarter to INR 677.74 billion. Interest expenses held the biggest chunk of total expenditure, rising over 8% on year to INR 488.07 billion in the quarter under review. 

 

The bank's provisions rose on year for the first time in three quarters. Provisions were up over 2% on year and almost 17% on quarter to INR 35.74 billion in Jul-Sept. The total credit cost ratio was at 0.44% for the quarter ended Sept. 30.

 

The bank's asset quality improved annually as well as sequentially in the September quarter. Its gross non-performing asset ratio was 1.11% as of Sept. 30, down from 1.24% a year ago and 1.17% as of Jun. 30. The net non-performing asset ratio improved to 0.37% as of Sept. 30, from 0.42% last year and 0.41% at the end of trailing quarter.

 

HDFC Bank's slippages improved to INR 61 billion in the September quarter from INR 80 billion in Apr-Jun, taking upgrades and recoveries to INR 37 billion from INR 40 billion in the trailing quarter. The write-offs for Jul-Sept rose to INR 24 billion from INR 23 billion in the June quarter. 

 

BUSINESS PERFORMANCE

The bank's average deposits grew nearly 17% on year to INR 31.66 trillion. It mobilised $11.5 billion worth of foreign currency non-resident (bank) deposits under the Reserve Bank of India's special swap facility, which opened on Jun. 8 and closed on Aug. 31. 

 

Gross advances rose over 16% on year to INR 32.2 trillion as of Sept. 30. Retail loans held the biggest share of the total portfolio and grew nearly 12% on year to INR 17.38 trillion. Retail assets include FCNR(B) leverage loans of INR 548 billion, excluding which the growth would be 9.1% year-on-year, the bank said. Loans to small and mid-market enterprises grew 24% on year to INR 7.06 trillion, while corporate and other wholesale loans grew 16.4% to INR 8.64 trillion. Personal loans held the biggest portion of the total retail book at 28%, followed by auto and two-wheeler loans at 22%. 

 

The lender's net interest margin came in at 3.16% on total assets for Jul-Sept against 3.3% a quarter and a year ago. The net interest margin was 3.32?sed on interest-earning assets in the September quarter, against 3.4% a quarter ago and a year ago. The current account savings account ratio was 32% as of Sept. 30, unchanged sequentially. The capital adequacy ratio was 18.87% as of Sept. 30, down from 19.57% a quarter ago. Its cost of funds was 4.4% in Jul-Sept, unchanged sequentially. The average liquidity coverage ratio was at 113% as of Sept 30.

 

In the first six months of 2026-27 (Apr–Mar), HDFC Bank's net profit was INR 385.70 billion, up nearly 5% on year. The lender's total income for Apr-Sept was down 0.4% on year at INR 1.89 trillion. Friday, shares of the bank ended 0.3% higher at INR 728.85 per share on the National Stock Exchange.  End

 

Edited by Shubhayan Bhattacharya

 

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