HDFC Bank Q1 Results: Meets Estimates! PAT Jumps 5% YoY To Rs 19,060 Crore, NII Rises 7%; Key Highlights

HDFC Bank reported a 5% growth in net profit to Rs 19,060 crore in Q1FY27, compared to a year ago same quarterly performance a year ago. Meanwhile, the lender registered nearly 7% growth year-on-year in net interest income (NII) to Rs 33,530 crore in the quarter under review. The net interest margins came in at 3.26% of total assets and 3.40% based on interest-earning assets.

NII is the difference between interest earned and expended.

In terms of asset quality, HDFC Bank posted a gross non-performing assets (NPA) ratio of 1.17% of gross advances as of June 30, 2026, which is mildly higher than the 1.15% gross NPA in Q4FY26 but sharply lower from 1.40% gross NPA in the June 2025 quarter. These are excluding NPAs in the agricultural segment.

Against the NPAs, the bank's provisions and contingencies stood at Rs 3,060 crore.

In the case of the balance sheet, HDFC Bank saw a surge to Rs 43,975 billion in Q1FY27 as compared to Rs 39,541 billion in Q1FY26.

Under the balance sheet, HDFC Bank's average deposits were at Rs 30,115 billion, up by 13.3% YoY and 5.6% QoQ. While the bank's average CASA deposits were at Rs 9,570 billion in Q1FY27, a growth of 11.2% YoY and 4.2% QoQ.

Meanwhile, gross advances are at Rs 30,608 billion, an increase of 15.4% YoY. Advances under management reported growth of 12.4% YoY. On segment-wise, retail loans jumped 7.2%, while small and mid-market enterprises loans jumped 18.7%. and corporate and other wholesale loans surged 18.6% YoY.

The total capital adequacy ratio (CAR) as per the Basell III guidelines stood at 19.6% as of June 30, 2026.

As of June 30, 2026, HDFC Bank's distribution network included 9,694 branches and 20,958 ATMs across 4,175 cities. 50% of the branches are in semi-urban and rural areas.

Broadly, HDFC Bank has met estimates and the performance will reflect in its share price when the market opens on Monday. Last week, on July 17th, HDFC Bank stock closed at Rs 819.65 apiece, higher by 1.40% on BSE. The bank's market cap is over Rs 12.62 lakh crore, making it the second largest company in India. Overall, in the trading week, HDFC Bank shares recorded 1% weekly gains.