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:
HDFC Bank Standalone Financial Performance
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.
HDFC Bank Other Income and Expenses
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.
HDFC Bank Half-Year Performance
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.
HDFC Bank Balance Sheet and Operational Growth
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 Asset Quality and Capital Adequacy
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 Network and Workforce
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).
HDFC Bank Consolidated Financial Results
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.
HDFC Bank Key Subsidiary Performance
| 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 |
HDFC Bank Share Price Hits an All-time High on Monday
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%.
