HDFC Bank Q1 Profit Rises 12%; Shares Gain as Brokerages Turn Bullish

HDFC Bank reported a 12% rise in net profit to ₹18,155 crore for Q1 FY26, with steady growth in income. Interest income grew 6%, and net interest income (NII) rose 5.4% to ₹31,438 crore. However, net interest margin (NIM) slightly dropped to 3.35% due to rising deposit costs. Despite higher expenses, strong results led brokerages to raise their targets. Shares rose 1.8% to ₹1,993.2 on July 21.