HDFC Bank earnings for the second quarter of fiscal 2027 showed consolidated net profit after minority interest rising 5.6% year over year to INR20,700.03 crore. The results cover the quarter ended September 30, 2026, and were approved by the bank’s board on October 17.
Key Takeaways
- Consolidated quarterly profit increased 5.6% from a year earlier and 7.6% from the preceding quarter.
- Interest earned rose, but total income declined from the June quarter as other income fell.
- Consolidated deposits grew faster than advances over the year to September 30.
Table of Contents
- HDFC Bank earnings rise on a consolidated basis
- Interest income grows, while other income falls sequentially
- Deposit growth exceeds advances growth
- Conclusion
HDFC Bank earnings rise on a consolidated basis
HDFC Bank’s consolidated financial results show net profit after minority interest of INR20,700.03 crore, compared with INR19,610.67 crore a year earlier and INR19,244.71 crore in the quarter ended June 30, 2026.
These are group-level results covering HDFC Bank and its subsidiaries, rather than the bank’s standalone accounts. That distinction matters because the consolidated figures include insurance businesses as well as banking operations.
Operating profit before provisions and contingencies reached INR32,871.54 crore, up from INR30,940.72 crore a year earlier. Profit before tax and minority interest increased to INR28,662.54 crore from INR26,658.89 crore.
| Item | Details |
|---|---|
| Basic earnings per share | INR13.43 for Q2 FY2027 versus INR12.78 a year earlier; not annualized. |
| Provisions other than tax and contingencies | INR4,209.00 crore for the quarter versus INR4,281.83 crore a year earlier. |
| Half-year net profit after minority interest | INR39,944.74 crore versus INR35,868.58 crore in the corresponding prior-year period. |
| Total consolidated assets | INR5,165,841.58 crore at September 30, 2026, versus INR4,514,741.40 crore a year earlier. |
Interest income grows, while other income falls sequentially
Interest earned increased to INR95,131.63 crore from INR86,993.84 crore a year earlier. Interest expended also rose, reaching INR50,667.43 crore compared with INR46,740.86 crore.
Total consolidated income was INR129,358.69 crore, up 9.1% year over year but down 2.8% from the June quarter. Other income fell sequentially to INR34,227.06 crore from INR42,535.03 crore, offsetting the increase in interest earned.
The sequential decline in total income did not translate into lower operating profit. Operating expenses also fell from the preceding quarter, including a reduction in claims, benefits and other expenses relating to insurance businesses.
Deposit growth exceeds advances growth
Consolidated deposits stood at INR3,324,146.36 crore on September 30, 2026, compared with INR2,798,169.83 crore a year earlier, an increase of about 18.8%. Advances rose about 16.2% to INR3,316,057.54 crore.
Deposits therefore expanded faster than advances over the twelve-month period. These consolidated balance-sheet totals do not, by themselves, establish the bank’s standalone funding costs, liquidity ratios or lending margins.
The quarterly and half-year results are unaudited and underwent a limited review by the bank’s joint statutory auditors.
Conclusion
HDFC Bank’s September-quarter consolidated results combined higher profit with deposit growth that exceeded advances growth. The next quarterly disclosure will provide the next comparison for whether interest-income growth and operating expenses continue to support group earnings.
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