HDB Financial Services Q3 Results: Net profit rises 36% to Rs 644 crore, revenue up 13%

HDB Financial Services Q3 Results: Net profit rises 36% to Rs 644 crore, revenue up 13%

• HDB Financial Services Q3 net profit rose 36 percent YoY to Rs 643.9 crore
• Revenue from operations grew 13 percent YoY to Rs 4,673.5 crore
• Net profit margin improved to 13.78 percent from 11.40 percent last year

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HDB Financial Services on January 14 reported a net profit of Rs 643.9 crore for the October-December quarter of the ongoing financial year 2026. This marks a 36 percent year-on-year (YoY) rise from the Rs 472.3 crore net profit reported in the corresponding quarter of the previous financial year.

Sequentially, the HDFC Bank-subsidiary's net profit increased around 11 percent QoQ from Rs 581.4 crore in July-September quarter of FY26.

The firm’s revenue from operations meanwhile rose nearly 13 percent to Rs 4,673.5 crore in Q3 FY26, from Rs 4,143.6 crore in Q3 FY25. Expenses grew around 9 percent YoY to Rs 3,813.2 crore during the quarter under review.

HDB Financial Services reported a net profit margin of 13.78 percent for Q3 FY26, marking a sharp improvement from 11.40 percent in the same period last year. Assets under management (AUM) meanwhile grew 12 percent YoY to Rs 1,14,853 crore.

The firm's net interest income rose 22.1 percent YoY to Rs 2,285 crore, buoyed by a 12.2 percent increase in gross loans which stood at Rs 1,14,577 crore during the quarter under review.

Return on Assets (RoA) stood at 2.35 percent, while return on equity remained at 14 percent, barring the one-time impact from the new labour codes.

The results mark HDB Financial's third quarterly update since its trading debut in July. The firm, which operates more than 1,747 branches across India, posted profit declines in the previous two quarters, weighed down by elevated bad loans.

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