HDFC Bank Q4 Results: HDFC Bank announced its January-March quarter results for fiscal 2025-26 (Q4FY26) on Saturday, April 18, reporting a rise of 9.1% in standalone net profit of Rs 19,221 crore, compared to Rs 17,616.14 crore compared to the corresponding period last year. The country's largest private sector bank reported a strong quarter helped by a pick-up in lending to consumers, though lending margins remained weak. HDFC Bank declared a final dividend of Rs 13 per share for FY26.
Net interest income - the difference between interest earned on loans and interest paid on deposits - rose 3.2% to Rs 33,082 crore in the March quarter, compared to Rs 32,066 crore in the year-ago period. The non-interest income came at Rs 13,250 crore, and had an impact of the RBI's surprise measures to curb speculation in rupee. Advances rose 12% in the fourth quarter of FY26, driven mainly by retail loans including mortgages and personal debt. Total deposits rose 14.4%.
ALSO READ: HDFC Bank Dividend Announcement: Can FY26 Payout Top Estimates For Fifth Consecutive Year?
HDFC Bank Q4 Results: Key Metrics
Net interest margin was stable at 3.38% but remained below the 4% level seen before the bank merged with parent HDFC Ltd in 2023. The private lender's total income rose to Rs 89,809 crore from Rs 89,488 crore in the year-ago period, while total expenditure declined to Rs 62,006 crore from Rs 62,951 crore. The bank approved raising Rs 60,000 crore via debt.
On the asset quality front, the gross non-performing assets ratio as a share of total loans improved to 1.15% from 1.24% at the end of December quarter and 1.33% in the year-ago period. Provisions declined to Rs 2,610 crore from Rs 3,193 crore in the year-ago period. Income from treasury operations fell 13.6% sequentially over rising bond yields and RBI curbs on foreign exchange options.
Photo Credit: NDTV Profit
HDFC Bank CEO Re-Appointment
This is the private lender's first quarterly results since its former chairman Atanu Chakraborty recently resigned citing differences over "values and ethics". The bank is conducting a legal review of the incident and will provide a summary in due course, Chief Executive and managing director Sashidhar Jagdishan announced during a post-earnings concall.
Jagdishan refrained from making any further comments on Chakraborty resignation's, pointing to the pending report from an external legal agency. He also declined to specify the time period for submitting the said report and added that the team has to go through voluminous data as part of its investigations into the matter. However, he thanked the government, capital markets regulator SEBI and banking watchdog RBI for backing the bank following Chakraborty's resignation.
ALSO READ: HDFC Bank Vs ICICI Bank Dividend: Which Offers Highest Yield After Final FY26 Payout?
Meanwhile, Jagdishan, who's term is ending in October 2026, spoke about a potential reorganization in the bank's top level leadership soon which may see an expansion in the responsibilities of deputy MD Kaizad Bharucha. In response to a query by NDTV Profit, he also said that the bank's board is rooting for interim chairman Keki Mistry to take over as full time chairman.
However, he added that they bank needs to conclude certain processes first. Keki Mistry is currently the interim chairman of HDFC Bank board. When asked about Jagdishan's reappointment, Bharucha said that the nomination and remuneration committee of the board will take up the matter in 'due course' but declined to specify any timeline for the same.
HDFC Bank Outlook
Jagdishan believes that leadership level re-organisation provides cross pollination of knowledge. Notably, sections of small business or small and medium enterprises borrowers are likely to face the heat of the Middle East conflict in the first quarter, and it will take up to two months after the war ends for the same to settle down, announced MD Jagdishan in the concall.
He, however, asserted that the bank is witnessing no headwinds on its asset quality front and added that the overall momentum is very positive. Jagdishan did not provide a loan growth forecast for the 2026-27 financial year, citing geopolitical uncertainties. "I'm being very conscious of staying away from getting a certain number to you all. But ... we are on the right track," he said. The bank's management said earlier this year that loan growth would exceed the industry average.
ALSO READ: HDFC Bank's Bhavesh Zaveri Retires As Executive Director - 'Contributed Greatly In Leadership'
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
