Home / Business and Economy / HDFC Bank Q2 Profit Up 4.7%, Falls Short of Estimates
HDFC Bank Q2 Profit Up 4.7%, Falls Short of Estimates
17 Oct
Summary
- HDFC Bank reported Rs 19,510 crore net profit, a 4.7% increase.
- Net interest income grew by 9.7% to Rs 34,619.2 crore.
- HDFC Bank shares have declined 26.5% in 2026 year-to-date.
In the second quarter of FY27, HDFC Bank disclosed a net profit of Rs 19,510 crore, marking a 4.7 percent increase compared to the previous year. This financial performance was broadly in line with market predictions.
The bank's net interest income, a key measure of profitability, grew by 9.7 percent to Rs 34,619.2 crore. However, this growth slightly missed the projections made by market analysts.
Analysts had anticipated a slightly higher net profit and a greater increase in net interest income. HDFC Bank's net profit fell short by approximately 0.3 percent, while its net interest income was 0.7 percent below expectations.
Looking at its stock performance, HDFC Bank shares closed 0.28 percent higher at Rs 728.85 on Friday. Year-to-date in 2026, the stock has seen a considerable decline of 26.5 percent, underperforming the broader Nifty 50 index which fell by 11.5 percent.
