HDFC Bank Reports 5% Rise in Q1 Net Profit to ₹19,064 Crore

Mumbai, July 18, KNT: HDFC Bank on Saturday reported a 5 per cent year-on-year increase in its standalone net profit for the quarter ended June 30, 2026, with profit after tax (PAT) rising to ₹19,064 crore from ₹18,156 crore in the corresponding quarter last year.

The country’s largest private sector lender said the Board of Directors approved the financial results at its meeting held in Mumbai. The accounts have undergone a limited review by the bank’s statutory auditors.

The bank’s net interest income (NII), a key indicator of core lending performance, rose 6.7 per cent to ₹33,528 crore during the quarter, compared to ₹31,437 crore a year earlier. Net interest margin stood at 3.26 per cent on total assets and 3.40 per cent on interest-earning assets.

Total revenue for the quarter stood at ₹46,356 crore. The corresponding quarter of the previous year had reported higher revenue due to one-time gains from the partial divestment of HDB Financial Services during its initial public offering.

HDFC Bank said profit before tax increased to ₹25,108 crore, while adjusted net profit—excluding last year’s one-off gains and tax credits—registered an approximate growth of 9.8 per cent.

The bank’s balance sheet expanded to ₹43.98 lakh crore as of June 30, 2026, compared with ₹39.54 lakh crore a year earlier. End-of-period deposits grew 14.7 per cent to ₹31.71 lakh crore, while gross advances increased 15.4 per cent to ₹30.61 lakh crore. Retail loans grew 7.2 per cent, small and mid-market enterprise loans rose 18.7 per cent and corporate and wholesale advances increased 18.6 per cent.

Asset quality remained stable, with the gross non-performing asset (GNPA) ratio at 1.17 per cent as of June 30, 2026, compared with 1.15 per cent at the end of March 2026. Net NPAs stood at 0.41 per cent of net advances.

The bank continued to maintain a strong capital position, with the total Capital Adequacy Ratio (CAR) under Basel III norms at 19.6 per cent, well above the regulatory requirement of 11.9 per cent.

As of June 30, 2026, HDFC Bank operated 9,694 branches and 20,958 ATMs across 4,175 cities and towns. Nearly half of its branches are located in semi-urban and rural areas.

Among its major subsidiaries, HDB Financial Services reported a 38.3 per cent increase in quarterly profit to ₹790 crore. HDFC Life posted an 11.9 per cent rise in profit to ₹610 crore, HDFC Asset Management Company reported a 12.1 per cent increase to ₹840 crore, while HDFC Securities recorded a 28.3 per cent growth in profit to ₹300 crore.

On a consolidated basis, HDFC Bank reported net revenue of ₹85,481 crore and a consolidated profit after tax of ₹19,241 crore for the quarter ended June 30, 2026. [KNT]

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