DBT Bureau
Pune, 18 July 2026
HDFC Bank Limited reported Q1 results for the quarter ended June 30, 2026
STANDALONE FINANCIAL RESULTS:
Profit and Loss Account: Quarter ended June 30, 2026
The Bank’s net revenue was ₹ 463.6 billion for the quarter ended June 30, 2026, as against ₹ 531.7 billion, which included transaction gains of ₹ 91.3 billion from a partial divestment through an offer for sale in the IPO of its subsidiary HDB Financial Services Ltd. for the quarter ended June 30, 2025.
Net interest income for the quarter ended June 30, 2026 grew by 6.7% to ₹ 335.3 billion from ₹ 314.4 billion for the quarter ended June 30, 2025. Net interest margin was at 3.26% on total assets, and 3.40% based on interest-earning assets.
Other income for the quarter ended June 30, 2026 was ₹ 128.2 billion. The four components of other income for the quarter ended June 30, 2026 were fees and commissions of ₹ 84.5 billion (₹ 75.9 billion in the corresponding quarter of the previous year), foreign exchange and derivatives revenue of ₹ 13.0 billion (₹ 16.3 billion in the corresponding quarter of the previous year), net trading and mark-to-market gain of ₹ 4.2 billion (₹ 101.1 billion, which included transaction gains of ₹ 91.3 billion from the partial divestment in HDB Financial Services in the corresponding quarter of the previous year), and miscellaneous income, including recoveries and dividend of ₹26.6 billion (₹ 24.0 billion in the corresponding quarter of the previous year).
Operating expenses for the quarter ended June 30, 2026 were ₹ 181.9 billion, as against ₹ 174.3 billion during the corresponding quarter of the previous year. The cost-to-income ratio for the quarter was 39.2%.
Provisions and contingencies for the quarter ended June 30, 2026 were ₹ 30.6 billion. The total credit cost ratio was 0.40% for the quarter ended June 30, 2026.
Profit before tax (PBT) for the quarter ended June 30, 2026 was ₹ 251.1 billion. Profit after tax (PAT) for the quarter was ₹ 190.6 billion, a growth of 5.0% from the quarter ended June 30, 2025. PAT, adjusted for prior-year transaction gains (HDBFS partial divestment), prior-year one-off provisions, and prior-year tax credits, grew by approximately 9.8% over the quarter ended June 30, 2025.
Balance Sheet: As of June 30, 2026
Total balance sheet size as of June 30, 2026 was ₹ 43,975 billion as against ₹ 39,541 billion as of June 30, 2025.
The Bank’s average deposits were ₹ 30,115 billion for the June 2026 quarter, a growth of 13.3% over ₹ 26,576 billion for the June 2025 quarter, and 5.6% over ₹ 28,511 billion for the March 2026 quarter.
The Bank’s average CASA deposits were ₹ 9,570 billion for the June 2026 quarter, a growth of 11.2% over ₹ 8,604 billion for the June 2025 quarter, and 4.2% over ₹ 9,184 billion for the March 2026 quarter.
Total EOP deposits were ₹ 31,708 billion as of June 30, 2026, an increase of 14.7% over June 30, 2025. CASA deposits grew by 9.4%, with savings account deposits at ₹ 7,008 billion and current account deposits at ₹ 3,245 billion. Time deposits were ₹ 21,455 billion as of June 30, 2026, an increase of 17.4% over the corresponding quarter of the previous year, resulting in CASA deposits comprising 32.3% of total deposits as of June 30, 2026.
The Bank’s average advances under management, grossing up for transfers through inter-bank participation certificates, bills rediscounted, and securitisation/assignment were ₹ 30,386 billion for the June 2026 quarter, a growth of 10.8% over ₹ 27,423 billion for the June 2025 quarter, and a growth of 2.5% over ₹ 29,644 billion for the March 2026 quarter.
Gross advances were ₹ 30,608 billion as of June 30, 2026, an increase of 15.4% over June 30, 2025. Advances under management grew by 12.4% over June 30, 2025. Retail loans grew by 7.2%, small and mid-market enterprises loans grew by 18.7%, and corporate and other wholesale loans grew by 18.6%. Overseas advances constituted 1.6% of total advances.
HDFC Bank delivered a steady performance in the first quarter of FY27, supported by healthy growth in net interest income, deposits, and advances, while maintaining strong asset quality and prudent provisioning despite a high base from last year’s one-off HDB Financial Services transaction gains.
