Research ReportsHDFC Bank Q2 Review: Motilal Oswal Maintains 'Buy' Post Steady Quarter —Check Target Price
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HDFC Bank Q2 Review: Motilal Oswal Maintains 'Buy' Post Steady Quarter —Check Target Price
The gradual retirement of high-cost borrowings, along with an improvement in operating leverage and the provision buffer, will support return ratios over the coming years, adds the brokerage.
HDFC Bank reported Q2 FY26 profit at Rs 186.4 billion, up 11% YoY (11% beat), led by healthy net interest income and robust other income. NII grew 5% YoY to Rs 315.5 billion (in line). Margins on total assets declined 8bp QoQ to 3.27% (estimate: 3.24%).