HDB Financial Services Q2 Results: Non-banking financial company HDB Financial Services reported a 34.3% year-on-year surge in net profit to ₹780 crore for the second quarter ended September 30, driven by healthy top-line expansion and operational efficiencies. The HDFC Bank subsidiary had posted a net profit of ₹581 crore in the corresponding quarter of the previous financial year.
The lender's revenue from operations rose 10.1% to ₹5,005 crore during the quarter under review, compared to ₹4,545 crore reported in the year-ago period. Alongside the quarterly performance, the company's board declared an interim dividend of ₹2 per equity share.
The sharp double-digit uptick in profitability underscores sustained retail lending demand and stable credit quality across its product basket, which spans consumer loans, enterprise loans, and asset finance. The dividend payout provides a direct cash inflow to parent company HDFC Bank, which maintains majority ownership in the shadow lender.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
