HDFC Bank on Saturday reported a 4.7 percent year-on-year increase in standalone net profit to Rs 19,510 crore for the second quarter of FY27, broadly meeting market expectations. The private sector lender's net interest income (NII) rose 9.7 percent to Rs 34,619.2 crore, while asset quality improved both sequentially and on a year-on-year basis.
A CNBC TV18 poll had projected a 5 percent increase in net profit to Rs 19,567 crore and a 10 percent rise in NII to Rs 34,861 crore. Both reported figures were within 1 percent of the estimates.
HDFC Bank's net interest margin (NIM) stood at 3.16 percent on total assets, down from 3.26 percent in the previous quarter. The NIM on interest-earning assets during the July-September quarter was at 3.32 percent.
Provisions and contingencies rose 18.7 percent quarter-on-quarter to Rs 3,574 crore from Rs 3,010 crore in the June quarter. On a year-on-year basis, provisions increased 2.1 percent from Rs 3,501 crore.
HDFC Bank's gross non-performing asset (GNPA) ratio improved to 1.11 percent as of September 30, 2026, from 1.17 percent in the preceding quarter and 1.24 percent a year earlier. Excluding non-performing assets in the agricultural segment, the GNPA ratio stood at 0.87 percent, compared with 0.91 percent in June 2026 and 0.99 percent in September 2025.