HDFC Bank Q1 FY27 Results: Net Profit Rises 5% to ₹19,060 Crore; NII Grows 7%

HDFC Bank reported a standalone net profit of ₹19,060 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with ₹18,155 crore in the same quarter last year, a 5% year-on-year increase, as per news reports.  

The bank's provisions declined during the quarter, contributing to the rise in earnings. Total credit cost stood at 0.40% for the reporting period. 

Lending and Deposits Continue to Grow 

The bank's gross advances increased 15.4% year-on-year to ₹30.60 lakh crore, while advances under management rose 12.4%. Retail advances grew 7.2%; loans to small and mid-market enterprises increased 18.7%, and corporate and other wholesale advances were up 18.6%.  

Overseas advances accounted for 1.6% of the total loan book. Average deposits stood at ₹30.11 lakh crore, an increase of 13% from a year earlier. Average CASA deposits rose 11.2%to ₹9.57 lakh crore. 

Interest Income Improves 

Net interest income (NII) for the quarter came in at ₹33,534 crore, compared with ₹31,438 crore in the corresponding quarter of the previous financial year, registering a 7% increase. Net interest margin was reported at 3.26% on total assets and 3.40% on interest-earning assets. 

The bank's total balance sheet expanded to ₹43.97 lakh crore as of 30 June 2026, against ₹39.54 lakh crore a year ago. 

Asset Quality Remains Stable 

Gross non-performing assets (NPAs) stood at ₹35,846 crore, with the gross NPA ratio at 1.17%, compared with 1.40% in Q1 FY26 and 1.15% in the preceding quarter. Net NPAs were reported at ₹12,357 crore, while the net NPA ratio was 0.41%, compared with 0.47% a year earlier. 

Provisions fell 79% year-on-year to ₹3,060 crore from ₹14,442 crore. On a sequential basis, however, provisions increased from ₹2,610 crore reported in the March quarter. 

Branch Network and Capital 

As of the end of June 2026, HDFC Bank operated 9,694 branches and 20,958 ATMs across 4,175 cities. The Capital Adequacy Ratio (CAR) stood at 19.57%, compared with 19.71% in the previous quarter and 19.88% in the year-ago period. 

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HDFC Bank Share Price Performance  

As of July 17, 2026, 3:30 pm, HDFC Bank share price closed at ₹820.80, up 1.55% from the previous closing price. 

Conclusion 

HDFC Bank closed the June quarter with higher profit, improved interest income and continued balance sheet growth. Lower provisions and steady loan expansion contributed to the quarterly performance. 

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