HDB Financial Services Surges 36% Profit Post-Listing
Overview
HDB Financial Services, a HDFC Group entity, posted a robust 36.33% year-over-year profit jump to Rs 643 crore in Q3 FY26. This marks a strong debut after its recent listing. Interest income climbed 13.42% to Rs 3,989 crore, while assets under management grew 12% to Rs 1.14 lakh crore, reflecting healthy operational expansion.
HDB Financial Services Reports Strong Post-Listing Q3 Results
HDB Financial Services, a prominent HDFC Group company, unveiled its first quarterly earnings report since its recent listing, showcasing a significant 36.33% year-over-year profit increase for the third quarter of Fiscal Year 2026. The standalone net profit surged to ₹643 crore, up from ₹472 crore in the same period last year.
Revenue and Interest Income Growth
The company's interest income saw a healthy 13.42% year-over-year expansion, reaching ₹3,989 crore in Q3 FY26 compared to ₹3,516 crore in the prior fiscal year's third quarter. Total revenue from operations also grew to ₹4,673 crore from ₹4,143 crore during the same comparative periods.
Assets Under Management and Loan Portfolio
Assets Under Management (AUM) for HDB Financial Services registered a 12% year-over-year rise, standing at ₹1,14,853 crore as of December 31, 2025. Gross loans increased by 12.2% to ₹1,14,577 crore. The company's Net Interest Margin (NIM) improved to 8.1% from 7.5% in Q3 FY25, indicating enhanced profitability on its lending activities.
Expenses and Provisions
Total expenses for the quarter increased by approximately 8.8% year-over-year, amounting to ₹3,813 crore in Q3 FY26, up from ₹3,502 crore in Q3 FY25. Loan loss provisions rose by 12% to ₹712 crore. The net Stage 3 loans, a key indicator of asset quality, stood at 1.25%, compared to 0.90% at the close of December 2024, while provision coverage remained strong at 55.59%.
