Home / Business and Economy / HDFC Bank Q4 Earnings: Profit Up, Stock Dips
HDFC Bank Q4 Earnings: Profit Up, Stock Dips
21 Apr
Summary
- HDFC Bank reported Q4 FY26 net profit of ₹19,221.05 crore, a 9.11% year-on-year increase.
- Net Interest Income rose 3.8% to ₹33,281.5 crore, with Net Interest Margin at 3.4%.
- The Board recommended a final dividend of ₹13.00 per equity share for the year ended March 31, 2026.
HDFC Bank announced its Q4 FY26 financial results, revealing a standalone net profit of ₹19,221.05 crore, marking a 9.11% increase from the previous year. The lender's Net Interest Income (NII) saw a 3.8% rise to ₹33,281.5 crore, maintaining a Net Interest Margin (NIM) of 3.4% during the quarter ended March 2026.
Provisions for the March quarter decreased to ₹2,609.57 crore, down from both the previous quarter and the same period last year. The bank's Board of Directors proposed a final dividend of ₹13.00 per equity share for the fiscal year ending March 31, 2026.
Brokerage firms offered mixed outlooks. Motilal Oswal Financial Services maintained a 'Buy' rating with a target price of ₹1,100, anticipating gradual NIM improvement. Conversely, JM Financial maintained an 'Add' rating and raised its target to ₹890, citing concerns over the CD ratio and LCR limiting faster growth.
ICICI Securities holds a 'Buy' call with a revised target of ₹1,080, believing HDFC Bank is well-positioned due to its strong underwriting and mortgage focus. The bank's stock, however, experienced a dip on the announcement day.
