HDFC Bank Q2 Results: Net Profit Below Estimates, Provisions Rise Marginally

HDFC Bank’s consolidated net profit rose 4.7% YoY to Rs 19,510 crore in the second quarter as the company reported Q2FY27 results on Saturday. The net profit reported was below the estimate of Rs 19,727 crore. The net profit stood at Rs 18,641 crore a year earlier. Asset quality improved from the preceding quarter. 

Net interest income increased 10% year-on-year to Rs 34,619 crore, falling short of the Rs 34,991 crore estimate. Net interest margin, based on total assets, stood at 3.16%. The operating profit rose 5.6% to Rs 29,483 crore from Rs 27,923 crore a year earlier, below the estimate of Rs 29,868 crore.

The gross non-performing asset ratio eased to 1.11% from 1.17% in the preceding quarter, better than the estimated 1.14%. The net NPA ratio declined to 0.37% from 0.41%, compared with an estimate of 0.39%. Provisions increased to Rs 3,574 crore from Rs 3,059 crore in the previous quarter and Rs 3,500 crore a year earlier.

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HDFC Bank’s average advances under management grew 14.1% year-on-year to Rs 31.87 lakh crore. Gross advances at the end of September stood at Rs 32.20 lakh crore, up 16.3% from a year earlier.

Retail loans grew 11.7% year-on-year, while loans to small and mid-market enterprises increased 23.5%.  Average deposits increased 16.8% year-on-year to Rs 31.66 lakh crore. Average CASA deposits rose 10.7% year-on-year to Rs 9.71 lakh crore. 

HDFC Bank Q2 Earnings (YoY)

• Net Profit At Rs 19,510 crore Vs Estimate Of Rs 19,727 crore 
• Gross NPA At 1.11% Vs Estimate Of 1.14% 
• Net NPA At 0.37% Vs Estimate Of 0.39% 
• Op Profit At Rs 29,483 crore Vs Estimate Of Rs 29,868 crore
• NII At Rs 34,619 Vs Estimate Of Rs 34,991 crore 
• NIM At 3.16% Based On Total Assets 
• Net Profit up 4.7% At Rs 19,510 crore Vs Rs 18,641 crore YoY 
• Provisions At Rs 3,574 crore Vs Rs 3,059 crore QoQ 
• Provisions At Rs 3,574 crore Vs Rs 3,500 crore YoY 
• Op Profit up 5.6% At Rs 29,483 crore Vs Rs 27923 crore YoY 
• NII up 10% At Rs 34,619 crore YoY
• Gross NPA At 1.11% Vs 1.17% QoQ 
• Net NPA At 0.37% Vs 0.41% QoQ

HDFC Bank’s Investors Call

HDFC Bank will host an earnings call with analysts and investors on Saturday, October 17, 2026, at 4 pm. IST to discuss its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026.

HDFC Bank Network

As of September 30, 2026, the Bank’s distribution network was at 9,706 branches and 20,881 ATMs across 4,177 cities / towns as against 9,545 branches and 21,417 ATMs across 4,156 cities / towns as of September 30, 2025. 50% of the branches are in semiurban and rural areas.

In addition, the Bank has 14,365 business correspondents, which are primarily manned by Common Service Centres (CSC). The number of employees were at 2,10,109 as of September 30, 2026 (as against 2,20,339 as of September 30, 2025). 

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