HDFCBANK

HDFC Bank Q1 FY27 Results: Net Profit Rises 5% to ₹19,059 Crore, Asset Quality Remains Strong HDFC Bank, India's largest private-sector lender, reported a 5% year-on-year (YoY) increase in standalone net profit to ₹19,059 crore for the first quarter of FY27, compared to ₹18,155 crore in the corresponding quarter last year. The bank's Net Interest Income (NII) grew 6.7% YoY to ₹33,534 crore from ₹31,438 crore a year ago, supported by healthy growth in its lending business. However, both net profit and NII came in slightly below analysts' estimates. During the quarter, the bank significantly reduced its provisioning burden. Provisions declined 79% YoY to ₹3,060 crore, compared with ₹14,441 crore in the same quarter last year, although they increased 17% sequentially from the March quarter. HDFC Bank also maintained healthy asset quality, with Gross NPAs declining to ₹35,846 crore. The Gross NPA ratio stood at 1.17%, lower than 1.40% a year ago, while the Net NPA ratio remained at a comfortable 0.41%, reflecting the bank's prudent risk management practices. Ahead of the earnings announcement, HDFC Bank shares gained 1.5% to close at ₹820.80 on the NSE. Although the stock has gained around 3% over the past month, it remains under pressure with a decline of more than 17% so far in 2026. Going forward, investors will closely monitor the bank's loan growth, deposit mobilisation, net interest margins, and asset quality to assess its earnings outlook for the rest of FY27.