HDFC Bank Share Price in Focus; Posts 11.5% Profit Growth in Q3FY26 Results

HDFC Bank Limited has announced its standalone financial results under Indian GAAP for the quarter and nine months ended December 31, 2025. 

The bank reported net revenue growth of 8.9% to ₹458.7 billion in the December 2025 quarter compared with ₹421.1 billion in the same period last year. 

Net interest income for the quarter increased 6.4% to ₹326.2 billion from ₹306.5 billion a year ago, reflecting healthy credit demand and stable asset yields. Core net interest margin stood at 3.35% on total assets and 3.51% on interest earning assets.

Performance of Other Income and Costs

Non-interest income for the quarter was ₹132.5 billion. Fees and commissions formed the largest component at ₹92.3 billion, followed by foreign exchange and derivatives revenue of ₹14.3 billion. Net trading and mark-to-market gains rose sharply to ₹9.3 billion from ₹0.7 billion last year, while miscellaneous income was ₹16.6 billion. 

Operating expenses were ₹187.7 billion, and excluding an estimated ₹8.0 billion impact under the New Labour Code, expenses stood at ₹179.7 billion. The core cost-to-income ratio remained comfortable at 39.2%, showing continued efficiency in operations.

Profitability Remains Healthy

Profit before tax for the quarter reached ₹242.6 billion. Profit after tax grew 11.5% year-on-year to ₹186.5 billion, underlining the bank’s consistent earnings trajectory. 

Balance Sheet Expansion

As of December 31, 2025, the total balance sheet size expanded to ₹40,890 billion from ₹37,590 billion a year earlier. Average deposits for the quarter grew 12.2% to ₹27,524 billion compared with ₹24,528 billion in the December 2024 quarter. Average CASA deposits increased 9.9% year-on-year to ₹8,984 billion, helping the bank maintain a stable funding mix. Sequentially, CASA deposits rose 2.4%, indicating sustained momentum in granular liabilities.

Nine-Month Performance

For the nine months ended December 31, 2025, total income increased to ₹2,802.5 billion from ₹2,566.6 billion in the previous year. Net revenues for the period were ₹1,449.4 billion against ₹1,242.1 billion a year ago. 

Profit after tax for the nine-month period rose 11.5% to ₹554.5 billion, reflecting steady growth across business segments.

Consolidated Results

On a consolidated basis, net revenue for the December 2025 quarter stood at ₹811.1 billion. Consolidated profit after tax grew 12.2% to ₹198.1 billion, while profit for the nine months reached ₹556.8 billion.

HDFC Bank Share Price Performance

On January 19, 2026, HDFC Bank share price (NSE: HDFCBANK) opened at ₹935.90, touching the day’s low at ₹919.50, as of 11:06 AM on the NSE.

Also Read: RBI Grants In-Principle Approval to SMBC for Wholly Owned India Subsidiary!

Conclusion

HDFC Bank’s Q3FY26 results highlight stable revenue growth, healthy margins, and disciplined cost control. 

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