HDB Financial Services – Q1 FY25 Results Strengthening the Lending Book Through Risk Discipline and Growth Focus

HDB Financial Services delivered a stable Q1 FY25, reflecting its ability to grow profitably while maintaining asset quality. Performance was achieved through: Sustained AUM growth across secured and unsecured segments Lower credit costs due to better collections and portfolio quality Continued improvement in GNPA, showing prudence in underwriting Strong capital adequacy, enabling future expansion without stress on the balance sheet Investor View: HDB is expanding its footprint through disciplined risk management and measured growth. As a key part of the HDFC ecosystem, it offers long-term potential in the retail lending space, especially with improving asset quality metrics. This is for educational purpose only. We are not recommending any stock