Udaipur, July 19, 2025 — HDFC Bank Limited announced its standalone and consolidated financial results (Indian GAAP) for the quarter ended June 30, 2025, after its Board of Directors approved the quarterly performance in a meeting held in Mumbai on Saturday. The results were reviewed by the bank’s statutory auditors.
Standalone Q1 FY26 Highlights:
Revenue Surge Driven by Subsidiary IPO Gains
The bank posted a net revenue of ₹531.7 billion for Q1 FY26, significantly higher than ₹405.1 billion in Q1 FY25. This included ₹91.3 billion from transaction gains via partial divestment in HDB Financial Services Ltd.’s IPO.
Net Interest Income & Margins
Net interest income rose by 5.4% YoY to ₹314.4 billion from ₹298.4 billion. The core net interest margin stood at 3.35%, slightly lower than 3.46% in the March 2025 quarter, due to faster asset repricing.
Other Income Growth
Non-interest income stood at ₹217.3 billion, comprising:
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Fees and commissions: ₹75.9 billion (vs ₹70.5 billion YoY)
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Forex and derivatives: ₹16.3 billion (vs ₹14.0 billion YoY)
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Net trading & MTM gains: ₹101.1 billion (including ₹91.3 billion IPO gains)
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Miscellaneous income: ₹24.0 billion (vs ₹20.1 billion YoY)
Operating Expenses & Provisions
Operating expenses were ₹174.3 billion (vs ₹166.2 billion YoY), with a cost-to-income ratio of 39.6% (excluding IPO gains). The bank made floating provisions of ₹90.0 billion and contingent provisions of ₹17.0 billion, leading to total provisions of ₹144.4 billion (up from ₹26.0 billion YoY).
Profit Performance
Profit Before Tax (PBT) stood at ₹212.9 billion. Profit After Tax (PAT) reached ₹181.6 billion, marking a 12.2% year-on-year increase.
Balance Sheet & Asset Quality
Balance Sheet Strength
Total assets grew to ₹39,541 billion as of June 30, 2025, from ₹35,672 billion a year earlier.
Deposit Growth
Average deposits grew 16.4% YoY to ₹26,576 billion. CASA deposits rose by 6.1% to ₹8,604 billion. Total end-of-period (EOP) deposits stood at ₹27,641 billion, up 16.2% YoY.
Loan Book Expansion
Gross advances were ₹26,532 billion, growing by 6.7% YoY. Advances under management were ₹27,423 billion, up 8.3%. Retail loans rose 8.1%, SME loans 17.1%, and corporate/wholesale loans 1.7%.
Capital Adequacy
CAR stood at 19.9% (vs 19.3% YoY), well above the 11.9% regulatory requirement. Tier 1 CAR was 17.8%, and CET1 was 17.4%.
Asset Quality
Gross NPAs were 1.40% (1.14% excluding agriculture NPAs), while Net NPAs stood at 0.47%.
Dividends and Bonus Announcement
The Board declared a special interim dividend of ₹5 per share and approved a 1:1 bonus share issuance, subject to shareholder and regulatory approvals.
Branch Network
As of June 30, 2025, the bank operated 9,499 branches and 21,251 ATMs in 4,153 cities/towns, with 51% presence in rural and semi-urban areas. It also had 15,322 business correspondents and employed 2,18,822 people.
Performance of Key Subsidiaries
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HDB Financial Services Ltd:
Net revenue at ₹27.3 billion; PAT at ₹5.7 billion; loan book at ₹1,093 billion; Stage 3 loans at 2.56%; CAR at 20.2%. -
HDFC Life Insurance:
PAT rose 14.4% YoY to ₹5.5 billion. -
HDFC ERGO General Insurance:
PAT grew 56.4% to ₹2.1 billion. -
HDFC AMC:
AUM at ₹8,286 billion; PAT up 23.8% to ₹7.5 billion. -
HDFC Securities:
Revenue at ₹7.3 billion; PAT at ₹2.3 billion, down from ₹2.9 billion YoY.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
HDFC Bank Reports ₹181.6 Billion PAT in Q1 FY26, Declares Bonus and Interim Dividend
