HDFC Bank Q2 Results: Profit Rises 4.7% to ₹19,510 Crore

HDFC Bank, India’s largest private sector lender, on Saturday reported a modest 4.7% year-on-year rise in standalone net profit to ₹19,510 crore for the July-September quarter of FY27. The figure came broadly in line with market estimates, supported by steady core income growth even as treasury gains declined sharply. Net interest income, the bank’s primary earnings driver, grew 9.7% to ₹34,619 crore. Net interest margin stood at 3.16% on total assets and 3.32% on interest-earning assets. Operating expenses rose moderately, keeping the cost-to-income ratio at around 39.1%. Provisions and contingencies were ₹3,574 crore, with the credit cost ratio at 0.44%. Asset quality improved further. Gross non-performing assets eased to 1.11% from 1.17% in the previous quarter and 1.24% a year earlier. Net NPA ratio declined to 0.37%. Gross advances expanded 16.3% year-on-year to ₹32.19 lakh crore, while deposits grew a robust 18.8%, reflecting healthy franchise momentum.