HDBFS · HDB Financial Services Limited · NSE · Filed 15 Jul · 1 min read

HDB Financial Services reports higher Q1 FY27 net profit on interest-income growth

The upper-layer NBFC posted net profit of ₹7,852 million for the quarter ended June 30, 2026, up from a year earlier, with asset quality and capital ratios broadly steady.

What was filed

HDB Financial Services Limited, an RBI-registered non-banking financial company classified in the upper layer (NBFC-UL), reported its unaudited results for the quarter ended June 30, 2026. The Audit Committee reviewed them and the Board approved them at its meeting on July 15, 2026; the Joint Statutory Auditors issued an unmodified limited-review opinion. This is among the company's early quarterly disclosures since its equity shares listed on the NSE and BSE on July 02, 2025.

The quarter in brief

Profit rose year-on-year, supported by growth in interest income against a broadly stable cost base. The filing reports an improved net profit margin for the quarter. Asset quality moved modestly in the company's favour, with the Gross Stage 3 ratio easing and the Stage 3 provision coverage ratio at 55.73%. Per the disclosures in Annexure I, capital adequacy and the debt-equity ratio were broadly steady against the year-earlier period.

Capital and funding

The company said its IPO fresh-issue proceeds had been largely deployed towards augmenting the capital base for onward lending, with only a small amount of estimated IPO expenses unutilised and parked in escrow. During the quarter it also raised funds through several private-placement NCD issues, and reported no deviation or variation in the use of either NCD or IPO proceeds. Security cover on secured non-convertible debt securities stood at 1.04 as on June 30, 2026.

Net profit (Q1 FY26): ₹5,677 million → ₹7,852 millionQ1 FY26 → Q1 FY27+38%^‡
Total revenue from operations (Q1 FY26): ₹44,654 million → ₹49,379 millionQ1 FY26 → Q1 FY27+11%^‡
Profit before tax (Q1 FY26): ₹7,325 million → ₹10,551 millionQ1 FY26 → Q1 FY27+44%^‡
Interest income (Q1 FY26): ₹38,315 million → ₹42,620 millionQ1 FY26 → Q1 FY27+11%^‡
Basic EPS (Q1 FY26): ₹7.13 → ₹9.46Q1 FY26 → Q1 FY27+33%^‡
Net margin ‡: 12.7% → 15.9%Q1 FY26 → Q1 FY27+3.2 pp

Net worth (as at Jun 30, 2026): ₹2,03,324 million
Capital adequacy ratio (Q1 FY27): 21.29%
Gross Stage 3 ratio (Q1 FY27): 2.34%
Net profit margin (Q1 FY27): 15.90%
Debt-equity ratio (Q1 FY27): 5.02 times

‡ Computed by us from the filing’s own figures — not a company-stated number.

For holders, this is the company's quarterly financial disclosure since its July 2025 listing, showing the direction of profit, margins, asset quality and capital ratios, and confirming IPO and NCD proceeds were used without deviation. The figures are unaudited and limited-reviewed.