HDB Financial Services sees 34% profit jump to ₹780 crore in Q2FY27
Non-banking financial company HDB Financial Services on Wednesday reported a 34.2 per cent surge in profit after tax to Rs 780 crore in the September quarter of FY27 driven by higher loan demand and lower provisions.
The financial services entity had earned a PAT of Rs 581 crore in the year-ago period.
Its net interest income rose 15.6 per cent to Rs 2,534 crore in the July-September quarter of FY27, up from Rs 2,192 crore in the corresponding quarter of the previous fiscal year, the firm said in a stock exchange filing.
HDB Financial Services' total income rose 12 per cent to Rs 3,188 crore for the quarter under review from Rs 2,851 crore in the year-ago period.
Loan losses and provisions declined by 2.5 per cent to Rs 730 crore for the quarter ended September 30, 2026 compared to Rs 748 crore recorded in the same quarter last year.
The company registered a 12 per cent growth in gross loan book to Rs 1.24 lakh crore during the quarter under review compared with Rs 1.12 lakh crore
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