- HDFC Bank's net profit rose 11.5% to Rs 18,654 crore in December quarter
- Net interest income increased 6.3% to Rs 32,615 crore in the same period
- Provisions decreased 10% to Rs 2,838 crore compared to last year
HDFC Bank reported an 11.5% rise in net profit for the December quarter, meeting street expectations while the asset quality remained stable.
Profit rose to Rs 18,654 crore during the three months ended December, compared with Rs 16,736 crore a year earlier, the country's largest private lender said in a notification to the exchanges on Saturday. Analysts tracked by Bloomberg had estimated a net profit of Rs 18,986 crore.
HDFC Bank Q3FY26 Results (YoY)
- Profit up 11.5% at Rs 18,654 crore versus Rs 16,736 crore (Bloomberg estimate: Rs 18,986 crore)
- NII up 6.3% at Rs 32,615 crore versus Rs 30,653 crore
- Provisions down 10% to Rs 2,838 crore versus Rs 3,154 crore
- Net NPA flat at 0.42% (QoQ)
- Gross NPA flat at 1.24% (QoQ
Shares of HDFC Bank's closed 0.55% higher at Rs 931 apiece on the NSE, compared to a 0.11% rise in the benchmark Nifty.
Executive Director Bhavesh Zafari will be retiring from the postion for executive director after previously being considered for reappointment in the position by the board. Zafari's tenure is from April 19, 2023 till April 18, 2026, as per the release.
He will retire from the positon after April 18.
"Bhavesh Zaveri has requested for not seeking re-appointment. He seeks to explore opportunities outside the banking sector, including in the group companies, if possible. Accordingly, he will retire as an Executive Director of the Bank with effect from the close of business hours on April 18, 2026,: the release said.
Also Read: Q3 Results LIVE: ICICI Bank Profit Down 4%, HDFC Bank Profit Rises
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