| Revenue growth | 19.9% YoY NII growth. |
|---|---|
| Margins | NIM improved to 8.35% from 7.74% YoY. |
| Order book | Gross Loan Book at ₹1.21 Trillion. |
| Demand visibility | Strong expansion in Tier 2+ and rural markets. |
| Management confidence | High; citing granular loan book and prudent ALM. |
Growth
PAT grew 38.3% YoY to ₹785 Cr. Net Interest Income increased 19.9% YoY to ₹2,509 Cr. Loan book grew 11.4% YoY.
Outlook
Focus on expansion in Tier-2+ markets; maintaining strong capitalization with CRAR at 21.29%.
Risks
Sequential disbursement decline of 11.5% Q-o-Q and slight sequential credit cost increase noted.
Last quarter's promises, checked
Delivered
- Guided 8%+ NIM → delivered 8.35% (= BEAT)
- Guided ~3.7% Opex/GLB → delivered 3.7% (= BEAT)
- Guided 2.3% +/- Credit Cost → delivered 2.35% (= BEAT)
Missed
- Guided Nominal GDP + 6-7% growth (~16-17%) → delivered 11.4% (= MISS)
Earnings Call filed with NSE, NSE: HDBFS. Summary written with AI assistance from the document.
HDB Financial Services Ltd: key numbers
- Share price
- ₹648.15
- Market cap
- ₹53,848 Cr
- Revenue (annual)
- ₹18,430 Cr
- Net profit (annual)
- ₹2,544 Cr
- P/E (TTM)
- 19.5×Sector 22.0×
- Promoter holding
- 74.12%+0.00% QoQ
- FII holding
- 3.55%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from HDB Financial Services Ltd
All →HDB Financial Services Board Meeting Date
HDB Financial Services Limited will hold a Board meeting on October 14, 2026, to consider and approve the unaudited financial results for the quarter ending September 2026.
HDB Financial Services Debt & Borrowing: ₹50.26 Cr
HDB Financial Services paid ₹50.26 Crore in interest across three NCD series on 22 Sep 2026. All debentures carried a 7.18% annual coupon rate.
- Value
- ₹50.26 Cr
HDB Financial Services Employee Stock Options
HDB Financial Services allotted 29,480 equity shares to employees upon ESOP exercise on September 21, 2026. Paid-up capital increased to Rs. 830.79 Crore.
HDB Financial Services Debt & Borrowing: ₹2,018 Cr
HDB Financial Services allotted 20,000 NCDs aggregating to Rs.2,018.17 Crore via private placement. The 1064-day debentures carry an 8.05% coupon secured by first charge on receivables.
- Value
- ₹2,018 Cr
- Execution
- 1064 Days (maturity August 08, 2029)
HDB Financial Services Credit Rating
CRISIL Ratings has reaffirmed the 'AAA' and 'A1+' ratings for various debt instruments of HDB Financial Services Limited, maintaining a stable outlook.
HDB Financial Services Board Meeting Date
HDB Financial Services Ltd has scheduled a meeting of its Debenture Allotment Committee on September 9, 2026, to consider raising funds through a debt issue.