HDFC Bank Q1 FY27 Results

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Q1 FY27 net profit rose ~5% YoY to ₹19,060 crore, but came in below market expectations. * Net Interest Income (NII) grew ~6.7% YoY to ₹33,536 crore, also missing consensus estimates. * Net Interest Margin (NIM) fell to 3.26%, the lowest since the HDFC Ltd merger, indicating continued pressure from elevated funding costs. * Asset quality weakened marginally, with Gross NPA rising to 1.17%, though a sharp YoY decline in provisions provided some support to earnings.