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HDFC Bank Q2 Results: Net Profit Rises 4.7% to Rs 19,510 Crore, Margins Hit Record Low
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CNBC TV18•17-10-2026, 15:56
HDFC Bank Q2 Results: Net Profit Rises 4.7% to Rs 19,510 Crore, Margins Hit Record Low
- •HDFC Bank reported a net profit of Rs 19,510 crore for the September quarter, marking a 4.7% increase year-on-year and meeting analyst estimates.
- •Net Interest Income grew 9.7% to Rs 34,620 crore, while Net Interest Margin declined to a record low of 3.16%.
- •Treasury trading income suffered a sharp 67.4% year-on-year drop, falling to Rs 780 crore from Rs 2,390 crore.
- •Asset quality remained stable with the gross non-performing assets ratio improving slightly to 1.11% from 1.17% in the previous quarter.
- •Total deposits rose 18.8% year-on-year to Rs 33.27 lakh crore, while gross advances grew 16.3% to Rs 32.19 lakh crore.
Key Questions Answered
HDFC Bank reported a September quarter standalone net profit of ₹19,510 crore, marking a 4.7% increase year-on-year. Meanwhile, its core Net Interest Income (NII) grew by 9.7% to ₹34,620 crore, both of which closely aligned with analyst estimates.
HDFC Bank's net interest margin (NIM) declined to a record low of 3.16% in the September quarter compared to 3.26% in June. Conversely, asset quality remained stable with the gross non-performing asset (GNPA) ratio improving to 1.11% and the net NPA ratio standing at 0.37%.
Anup Bagchi has been appointed as the next managing director and chief executive officer of HDFC Bank. He is scheduled to take charge following the conclusion of Sashidhar Jagdishan's term on October 26.
