On Monday, HDFC Bank share price climbed as much as 1.74% to hit a record high of ₹1,020 per share. India's top private lender posted a better-than-expected profit for the second quarter on Saturday amid steady loan growth and higher trading income.
HDFC Bank announced its standalone financial results (Indian GAAP) for the quarter and half-year ended September 30, 2025. Here is the detailed review of the HDFC Bank Q2 FY26 result:
For the quarter ended September 30, 2025, HDFC Bank reported strong growth in net revenues and profit after tax (PAT). Net revenue increased by 10.3% to ₹45,900 crore, up from ₹41,600 crore in Q2 FY25.
Net interest income (NII), representing interest earned minus interest expended, rose 4.8% to ₹31,550 crore from ₹30,110 crore, while the core net interest margin (NIM) stood at 3.27% on total assets, slightly down from 3.35% in the previous quarter, reflecting faster asset repricing relative to deposits.
Other income for the quarter amounted to ₹14,350 crore, supported by fees and commissions of ₹8,840 crore compared to ₹8,140 crore in the prior year, foreign exchange and derivatives revenue of ₹1,590 crore, and net trading and mark-to-market gains of ₹2,390 crore, up sharply from ₹290 crore in Q2 FY25. Miscellaneous income, including recoveries and dividends, was ₹1,530 crore.
Operating expenses totaled ₹17,980 crore, leading to a cost-to-income ratio of 39.2%. Provisions and contingencies amounted to ₹3,500 crore, with a total credit cost ratio of 0.51%. Profit before tax reached ₹24,420 crore, while PAT (net profit) rose to ₹18,640 crore, reflecting a 10.8% increase over the previous year.
For the half year ended September 30, 2025, the Bank reported total income of ₹1,90,240 crore, up from ₹1,69,200 crore in the corresponding period last year. Net revenue stood at ₹99,070 crore, and PAT for the half year was ₹36,800 crore, up 11.5% year-over-year.
As of September 30, 2025, HDFC Bank’s total balance sheet reached ₹4,003,000 crore, up from ₹3,688,100 crore a year earlier. Average deposits for the quarter were ₹2,710,500 crore, reflecting a 15.1% growth over the September 2024 quarter and a 2.0% increase from June 2025. Average CASA deposits stood at ₹877,000 crore, growing 8.5% YoY and 1.9% QoQ.
Total end-of-period deposits were ₹2,801,800 crore, with CASA deposits contributing ₹652,700 crore from savings accounts and ₹296,400 crore from current accounts, making up 33.9% of total deposits. Time deposits were ₹1,852,600 crore, marking a 14.6% increase compared with the previous year.
On the lending side, average advances under management were ₹2,794,600 crore, up 9.0% YoY and 1.9% QoQ. Gross advances reached ₹2,769,200 crore, rising 9.9% compared with September 2024. Segment-wise, retail loans grew 7.4%, SME loans by 17.0%, and corporate and wholesale loans by 6.4%, while overseas advances accounted for 1.8% of total advances.
HDFC Bank’s asset quality improved during the quarter. Gross non-performing assets (GNPA) stood at 1.24% of gross advances, down from 1.40% in the previous quarter. Excluding agricultural segment NPAs, the GNPA ratio was 0.99%, and net NPAs remained at 0.42%.
The Bank maintained strong capitalisation, with a total capital adequacy ratio of 20.0%, Tier 1 CAR at 17.9%, and Common Equity Tier 1 ratio at 17.5%, well above the regulatory requirement of 11.9%. Risk-weighted assets totaled ₹27,841 crore.
HDFC Bank also continued to expand its physical footprint, with 9,545 branches and 21,417 ATMs across 4,156 cities and towns, up from 9,092 branches and 20,993 ATMs a year ago. Half of the branches are located in semi-urban and rural areas.
The Bank’s workforce grew to 2,20,339 employees from 2,06,758, supported by 15,253 business correspondents primarily operating through Common Service Centres (CSC).
On a consolidated basis, which includes key subsidiaries, the Bank reported net revenue of ₹71,820 crore for Q2 FY26 and PAT of ₹19,610 crore, representing a 10.0% increase over the corresponding quarter of the previous year. For the half year, consolidated PAT was ₹35,870 crore.
| Subsidiary | Stake | Q2 FY26 PAT (₹ Crore) | YoY Comparison | Notes |
| HDFC AMC | 52.4% | 720 | +24.5% | Quarterly AUM ~₹8,81,400 crore |
| HDFC Life | 50.3% | 450 | Increased | Leading life insurer |
| HDB Financial Services | 74.2% | 580 | Slight decrease | Loan book ₹1,11,400 crore, CAR 21.8% |
| HDFC Securities | 94.1% | 210 | Decreased | Total revenue ₹700 crore |
| HDFC ERGO | 50.3% | 180 | Decreased | General insurance products |
On Monday, HDFC Bank’s stock surged to a record ₹1,020 per share, gaining 1.74%. The rise follows the bank’s stronger-than-expected Q2 profit, driven by consistent loan growth and increased trading income. As of 10:35 am IST, the stock price was trading at ₹1,005.15 per share, up by 0.28%.
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