HDFC Bank announced its financial results for the quarter and half-year ended September 30, 2026. The bank reported a 4.7% year-on-year growth in net profit after tax (PAT) for the quarter, reaching ₹195.1 billion. Net interest income saw a substantial increase of 9.7%, driven by strong net revenue growth and efficient cost management. The bank’s balance sheet also expanded significantly, with total assets growing to ₹45,778 billion.
HDFC Bank Reports Strong Q2 FY27 Performance
HDFC Bank’s Board of Directors approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026, on October 17, 2026. The financial statements underwent a ‘Limited Review’ by the bank’s statutory auditors.
Standalone Financial Highlights
Profit & Loss Account: Quarter ended September 30, 2026
For the quarter ended September 30, 2026, HDFC Bank’s net revenue stood at ₹484.5 billion, an increase from ₹459.0 billion in the corresponding quarter of the previous year. Net interest income grew by 9.7% to ₹346.2 billion from ₹315.5 billion in Q2 FY26. The net interest margin was reported at 3.16% on total assets and 3.32% on interest-earning assets. Other income (non-interest revenue) for the quarter was ₹138.3 billion. Operating expenses were ₹189.7 billion, leading to a cost-to-income ratio of 39.1%. Provisions and contingencies amounted to ₹35.7 billion, with a total credit cost ratio of 0.44%.
Profit before tax (PBT) for the quarter was ₹259.1 billion. Profit after tax (PAT) for the quarter was ₹195.1 billion, marking a 4.7% growth over the quarter ended September 30, 2025. Excluding treasury trading gains, PAT growth was approximately 12.6%.
Balance Sheet as of September 30, 2026
The total balance sheet size as of September 30, 2026, reached ₹45,778 billion, up from ₹40,030 billion as of September 30, 2025. Average deposits for the September 2026 quarter were ₹31,664 billion, an increase of 16.8% year-on-year. Average CASA deposits grew by 10.7% to ₹9,712 billion. Total EOP Deposits stood at ₹33,274 billion, an 18.8% increase over September 30, 2025. Gross advances were ₹32,195 billion, an increase of 16.3% over the previous year.
Half Year Ended September 30, 2026
For the half year ended September 30, 2026, the Bank earned a total income of ₹1,894.4 billion. Net revenues were ₹948.1 billion, and profit after tax was ₹385.7 billion, a 4.8% increase over the corresponding period in the previous year.
Capital Adequacy and Asset Quality
The Bank’s total Capital Adequacy Ratio (CAR) as per Basel III guidelines was 18.9% as of September 30, 2026. Gross non-performing assets were at 1.11% of gross advances, while net non-performing assets stood at 0.37% of net advances as on the same date.
Key Subsidiaries Performance
The financial results also provided updates on key subsidiaries, including HDB Financial Services Ltd (HDBFSL), HDFC Life Insurance Company Ltd, HDFC ERGO General Insurance Company Ltd, HDFC Asset Management Company Ltd, and HDFC Securities Ltd (HSL), detailing their respective profits and operational highlights.
Source: BSE
