HDFC Bank Limited has posted a strong performance in the second quarter of FY26, with profit after tax (PAT) rising 10.8% year-on-year to ₹18,640 crore, reflecting healthy lending operations, steady revenue growth, and disciplined asset management. The results were approved by the Board of Directors on October 18, 2025, in Mumbai.
Consolidated Performance Highlights
For the quarter ending September 30, 2025, HDFC Bank reported consolidated net revenue of ₹71,820 crore, while consolidated PAT stood at ₹19,610 crore, marking a 10% increase compared to the same period last year. For the half-year, the bank’s consolidated PAT reached ₹35,870 crore, showcasing strong performance across all business verticals.
Standalone Performance and Margins
On a standalone basis, net revenue grew 10.3% YoY to ₹45,900 crore. Net interest income (NII) rose 4.8% to ₹31,550 crore, supported by healthy loan growth despite a slight moderation in margins. The core net interest margin (NIM) stood at 3.27% on total assets, compared to 3.35% in the previous quarter, reflecting faster repricing of assets relative to deposits.
Other income for the quarter reached ₹14,350 crore, boosted by fee and commission income of ₹8,840 crore and trading gains of ₹2,390 crore. Operating expenses increased to ₹17,980 crore, resulting in a cost-to-income ratio of 39.2%, while profit before tax (PBT) rose to ₹24,420 crore.
Balance Sheet Growth
HDFC Bank’s total balance sheet size grew to ₹40,03,000 crore, up from ₹36,88,000 crore a year ago. Average deposits for the quarter surged 15.1% YoY to ₹27,10,500 crore, indicating strong customer confidence, while sequential growth stood at 2% from the June quarter.
Half-Yearly Performance
For the first half of FY26, the bank reported total income of ₹1,90,240 crore, up from ₹1,69,200 crore last year. Net revenue for H1 reached ₹99,070 crore, with PAT rising 11.5% YoY to ₹36,800 crore, demonstrating continued financial momentum.
Stable Asset Quality
HDFC Bank maintained robust asset quality during the quarter. Gross non-performing assets (GNPA) stood at 1.24% of gross advances, improving from 1.40% in the previous quarter. Excluding NPAs in the agricultural segment, GNPA was 0.99%, while net NPAs remained stable at 0.42%, highlighting the bank’s prudent risk management practices.
Outlook
The strong Q2 performance underscores HDFC Bank’s ability to deliver consistent growth while maintaining asset quality and operational efficiency. With a healthy balance sheet, disciplined cost management, and robust deposit growth, the bank remains well-positioned to sustain momentum in the coming quarters.
In Summary:
HDFC Bank’s Q2 FY26 results reflect a 10.8% YoY increase in PAT, driven by strong revenue growth, stable margins, and disciplined asset quality. The bank’s performance demonstrates resilience, operational strength, and prudent risk management, reinforcing its position as a leading private sector lender in India.
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