HDB Financial Services Q2 Results: Net profit jumps 34% YoY to Rs 780 crore, revenue up 10%

HDB Financial Services on Wednesday reported a net profit of Rs 780 crore for the July-September quarter of financial year 2027, marking more than 34% year-on-year increase from the Rs 581 crore reported in the year-ago period.

The firm’s revenue from operations rose more than 10% YoY to Rs 5,005 crore during the quarter under review, from Rs 4,545 crore in Q2FY26. The non banking financial company’s net profit margin improved to 15.59%, as against 12.79% in the year-ago period.

The company’s total expenses increased more than 5% YoY to Rs 3,962 crore while net worth increased to Rs 21,121 crore, as against Rs 18,408 crore reported in the second quarter of the previous financial year. HDB Financial’s debt-equity ratio stood at 4.94% in Q2 FY27, compared to 5.01% in FY26, while capital adequacy ratio slightly declined to 21.37%, from 21.,82% in the year-ago period.


HDB Financial’s net interest income increased nearly 16% YoY to Rs 2,534 crore, while net interest margin stood at 8.23% in Q2 FY27, as compared to 7.95% in Q2 FY26 and 8.35% in Q1 FY27. Cost to Income ratio for lending business was 39.3% in Q2 FY27, as compared to 40.7% in Q2 FY26 and 39.9% in Q1 FY27.

The company, which is a subsidiary of India’s largest private lender HDFC Bank, reported a gross loan book of Rs 1.24 lakh crore, while return on assets (RoA) and return on equity (RoE) stood at 2.42% and 14.4% respectively.

Its assets under management (AUM) meanwhile increased nearly 12% YoY to Rs 1.25 lakh crore during the quarter under review.

HDB Financial declares Rs 2 dividend

Along with the Q2 results, HDB Financial Services declared an interim dividend of Rs 2 per share for the financial year 2027. The record date to determine the eligibility of shareholders set to receive the dividend has been fixed on October 23.

HDB Financial share price

The Q2 results were released in the post market hours of Wednesday. Ahead of the earnings print, HDB Financial shares dropped more than 4% to close at Rs 584 apiece. The stock has fallen around 3% in a week and 13% in a month.

The shares of the company have overall lost more than 23% in 2026 so far, dropping more than 21% in one year.