HDFC Bank Q2 Results: Net profit rises 5% to ₹19,510 crore, NII jumps 10% in last quarter under outgoing CEO Jagdishan
HDFC Bank, India's largest private sector lender, on Saturday announced its financial results for the second quarter of FY27, posting growth in net profit and net interest income alongside an improvement in asset quality.
It reported a nearly 5% year-on-year (YoY) increase in standalone net profit to ₹19,509.96 crore. The bank's profit after tax (PAT) was ₹18,641.28 crore in the corresponding quarter of the previous financial year. On a sequential basis, net profit grew 2.83% from ₹19,069.72 crore in the June 2026 quarter.
Net interest income (NII), which represents the difference between interest earned and interest expended, increased 9.72% YoY to ₹34,619.18 crore in Q2 FY27, compared with ₹31,551.50 crore in the year-ago quarter. Total interest earned during the quarter stood at ₹83,426.60 crore.
The bank's net interest margin (NIM) stood at 3.16% on total assets and 3.32% on interest-earning assets.
The quarter is also significant as it is expected to be the final earnings report under managing director and chief executive officer Sashidhar Jagdishan, whose tenure ends on October 26. Anup Bagchi is set to replace him.
HDFC Bank reported an improvement in its gross non-performing asset (GNPA) ratio, which declined to 1.11% of gross advances as of September 30, 2026. This compared with 1.17% in the preceding quarter and 1.24% in the year-ago period.
The net non-performing asset (NNPA) ratio remained stable at 0.37%, indicating that the bank's reported net bad-loan ratio was unchanged.
The lender reported provisions and contingencies of ₹3,570 crore for Q2FY27. Its total credit cost ratio stood at 0.44% during the quarter.
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