NBFC HDB Financial Services on October 15 reported 1.5% decline in net profit at Rs 581 crore for the quarter ended September 30, 2025, hurt by higher loan losses and provisions. The NBFC had reported net profit of Rs 591 crore in the year-ago period.
The firm's revenue rose 13% to Rs 4,545 crore in Q2FY26 as against Rs 4,007 crore in the year-ago period.
HDB Financial Services said it will pay interim dividend of Rs 2 per share for FY26. The NBFC has fixed October 24 as record date for payment of interim dividend.
Loan losses and provisions rose 74% to Rs 748 crore.
On October 15, HDB Financial Services shares on NSE closed 0.3% higher at Rs 742.4 apiece. The firm's interest income rose 13% to Rs 3,887 crore in Q2FY26 as against Rs 3,431 crore in the year-ago period.
In July, shares of HDB Financial Services Ltd, a subsidiary of HDFC Bank, got listed with a premium of nearly 13% against the issue price of Rs 740.
The Rs 12,500-crore initial share sale of HDB Financial Services got subscribed 16.69 times on the closing day of bidding, amid encouraging participation from institutional buyers.
The IPO was a combination of a fresh issue of equity shares worth Rs 2,500 crore and an offer-for-sale (OFS) of Rs 10,000 crore by the promoter HDFC Bank.
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