ALFA Finder| Revenue growth | NII grew 19.9% YoY to ₹2,509 crores. |
|---|---|
| Margins | NIM improved to 8.35% from 7.74% YoY. |
| Order book | Gross loan book ₹1,21,846 Cr; Secured loans comprise 73.9%. |
| Demand visibility | Strong demand in Consumer Finance; Asset Finance recovery expected shortly. |
| Management confidence | High confidence in reaching 18% growth trajectory by next year. |
Growth
PAT grew 38.3% YoY and 4.6% QoQ. Gross loan book reached ₹1,21,846 crores, up 11.3% YoY.
Outlook
Targeting 2.5% ROA and steady 2.3% credit costs. Business loan growth expected to accelerate from Q3 onwards.
Risks
Potential headwinds from West Asia conflict, El Nino-related monsoon risks, and fuel price volatility for CV operators.
Last quarter's promises, checked
Delivered
- Guided 8%+ NIM → delivered 8.35% (= BEAT)
- Guided 2.3% +/- credit costs → delivered 2.3% (= BEAT)
- Guided 2.5% ROA target → delivered 2.48% (~2.5%) (= BEAT)
Partly delivered
- Guided Stage 3 reduction → delivered 2.34% from 2.44% (= BEAT)
Missed
- Guided 18-20% loan growth → delivered 11.3% (= MISS)
Earnings Call filed with BSE, NSE: HDBFS. Summary written with AI assistance from the document.
HDB Financial Services Ltd: key numbers
- Share price
- ₹565.25
- Market cap
- ₹46,968 Cr
- Revenue (annual)
- ₹18,430 Cr
- Net profit (annual)
- ₹2,544 Cr
- P/E (TTM)
- 15.9×Sector 20.8×
- Promoter holding
- 74.08%-0.04% QoQ
- FII holding
- 4.04%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 schedules a 13 November 2026 committee meeting to consider fund raising. The agenda is a debt issue, with no amount stated.
HDB Financial Services Debt & Borrowing: ₹26.2 Cr
HDB Financial Services paid ₹26.20 Crore of interest on its Series 2024/18 subordinate bonds on 2 November 2026. This is routine servicing of existing debt obligations.
- Value
- ₹26.20 Cr
HDB Financial Services Debt & Borrowing: ₹11.52 Cr
HDB Financial Services paid Rs.11.52 Crore yearly interest on its perpetual debt instruments on the due date, 29 October 2026. The payment was made on time with no delay reported.
- Value
- ₹11.52 Cr
HDB Financial Services Credit Rating
CARE Ratings reaffirmed HDB Financial Services' AAA rating with Stable outlook across its debt instruments. Its A1+ short-term rating was also reaffirmed.
HDB Financial Services Debt & Borrowing: ₹29.53 Cr
HDB Financial Services paid Rs.29.53 Crore interest on two subordinate bond series on 28-Oct-2026. The yearly interest was paid in full on the due date.
- Value
- ₹29.53 Cr
HDB Financial Services Annual General Meeting
HDB Financial Services has issued a postal ballot notice seeking shareholder approval for two independent director re-appointments and one non-executive director appointment. Remote e-voting runs from October 28 to November 26, 2026.