Debasis Mohapatra
Bengaluru, 19 April 2026
India’s largest private sector lender, HDFC Bank posted a net profit of Rs 19,221 crore in the fourth quarter of FY26, an increase of 9% over the same period of last fiscal year.
The increase in net profit was driven by growth in advances coupled with lower provisions.
Net interest income for the March quarter increased by 3.2% to Rs 33,080 crore year-on-year (YoY) basis.
Net interest margin (NIM) was at 3.38% on total assets, and 3.53% based on interest-earning assets.
During Q4FY26, the company’s asset quality improved with gross non-performing assets (NPAs) coming at 1.15% as compared to 1.33% reported a year ago. Net NPAs were at 0.38% during this period.
Provisions and contingencies for the quarter were at Rs 2,610 crore. The private lender’s average deposits were Rs 28.5 lakh crore, up 12.8% YoY; while average advances were at Rs 29.6 lakh crore, a rise of 10% over the same period of last year.
FY26 numbers:
The bank reported a net profit of Rs 74,670 crore, up by 10.9% over the corresponding period a year ago.
Tier-I Capital Trend:
| Particulars | Tier-I Capital |
| March, 2026 | 17.7% |
| December, 2025 | 17.8% |
| September, 2025 | 17.9% |
| June, 2025 | 17.8% |
| March, 2025 | 17.7% |
Subsidiaries:
HDB Financial Services:
74.12% stake held by the Bank as of March 31, 2026
• 22.9 million customers serviced through a network of 1,730 branches across 1,161 cities/towns
‒ Incrementally, 1 million customers have been added during Q4 FY26
• Q4FY26 performance highlights:
– Loan book of ₹ 1,185 bn up by 10.9% YoY and 3.4% sequentially.
– Gross Stage 3 assets at 2.44% improved over prior quarter.
– Net interest margin of 8.2% improved sequentially and over prior year.
– Net profit of ₹ 7.5 bn, up 41% YoY and 17% QoQ.
– RoA of 2.5%; EPS of ₹ 9.0; Book value per share at ₹ 248.9.
– RoE of 14.8%; Capital adequacy ratio at 21.4%.
HDFC Life Insurance:
- 50.21% stake held by the Bank as of March 31, 2026
- 390k individual policies sold and overall 12.2 mn lives insured during the quarter
- Individual weighted received premium market share of 15.2% for FY26
- Q4FY26 performance highlights
- Premium earned of ₹ 264 bn, grew 10% over prior year and AUM at ₹ 3.8 tn up by 12% YoY
- New Business Premium of ₹ 115 bn with new business margin at 24%
- Value of new business for the quarter ₹ 12.6 bn
- PAT of ₹ 5.0 bn up by 4.0% YoY
- Solvency Ratio at 177% as of March 31, 2026
- Embedded value at ₹ 621 bn improved 12% YoY
HDFC AMC:
- 52.37% stake held by the Bank as of March 31, 2026
- Quarterly average AUM of ₹ 9.3 trillion; 11.4% market share
- 65% of quarterly average AUM is equity oriented with 61% in actively managed equity oriented
- 16.7 million unique investors; 27% penetration in the Mutual Fund industry
- Q4FY26 performance highlights
- Total income of ₹ 10.6 bn, grew 4% over prior year
- Operating profit of ₹ 8.2 bn, up 16% over the prior year
- EPS of ₹ 14.6
HDFC Ergo General Insurance:
- 50.33% stake held by the Bank as of March 31, 2026
- Q4FY26 Gross direct premium market share of 4.7% in overall industry and 6.8% amongst private sector insurers
- Retail mix in business 73% for the quarter ended March 31, 2026
- Distribution network of 256 branches and 714 digital offices
- Q4FY26 performance highlights
- Gross written premium of ₹ 43.8 bn; grew 14% YoY
- Net profit after tax of ₹ 1.6 bn compared to profit of ₹ 0.7 bn in the prior year
- EPS of ₹ 2.20
- Solvency Ratio at 207% as of March 31, 2026.
(Source: Investor presentation)
