HDFC Bank Ltd on Saturday reported a standalone net profit of Rs 19,059.72 crore for the April-June quarter (Q1 FY27), up 4.98 percent from a year earlier but below the CNBC-TV18 poll estimate of Rs 19,332 crore. Net interest income (NII) rose 6.7 percent year-on-year to Rs 33,535.95 crore, also missing the poll estimate of Rs 34,353 crore.
Net interest margin (NIM) for the quarter stood at 3.26 percent on total assets and 3.40 percent based on interest-earning assets.
The country's largest private lender reported a 10.8 percent year-on-year increase in the average deposits to Rs 30,386 billion, while the advances grew at 13.3 percent YoY to Rs 30,115 billion.
On the asset quality front, gross non-performing assets (GNPAs) stood at 1.17 percent of gross advances as on June 30, 2026, compared with 1.15 percent as on March 31, 2026, and 1.40 percent a year earlier. Net non-performing assets (NNPAs) were at 0.41 percent of net advances as of June 30, 2026.
Furthermore, the bank reported a return on assets (RoA) of 1.85 percent for the June quarter. The bank’s total Capital Adequacy Ratio (CAR) as per Basel III guidelines was at 19.6 percent as of June 30, as compared to 19.9 percent, in the previous corresponding quarter.
Provisions and contingencies for the quarter stood at Rs 30.6 billion, while the total credit cost ratio was 0.40 percent.
As of June 30, 2026, the Bank’s distribution network was at 9,694 branches, as against 9,499 branches as at the end of June 2025.
HDFC Bank shares had closed 1.4 percent higher at Rs 819.60 on Friday, ahead of the earnings announcement. The stock is down 17.2 percent so far in 2026, compared with a 6.9 percent decline in the Nifty 50.