HDFC Bank Q2 Net Profit Jumps 11% YoY to Rs 18,641 Crore

HDFC Bank Ltd, India’s largest private sector lender, reported a strong set of numbers for the September quarter (Q2 FY26), with net profit rising 10.8 percent year-on-year to Rs 18,641.3 crore. The performance comfortably exceeded Street estimates, which had pegged net profit at Rs 16,714 crore.

The bank’s growth was supported by a combination of steady core operations and higher other income, reflecting resilience in its overall earnings profile.

Net Interest Income Growth

HDFC Bank’s net interest income (NII), which measures the difference between interest earned and interest paid, increased 4.8 percent YoY to Rs 31,551.5 crore, compared to Rs 30,113.9 crore in Q2 FY25. This growth slightly outpaced analysts’ expectations of a 3 percent rise to Rs 31,105 crore, according to a Moneycontrol poll.

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Boost from Other Income

A key driver of the quarterly performance was a 25 percent YoY jump in other income, which rose to Rs 14,350 crore, giving a meaningful boost to the bank’s overall profitability.

Provisions and Contingencies

Provisions and contingencies for the quarter increased 29.6 percent YoY to Rs 3,500.5 crore, up from Rs 2,700.5 crore in the same period last year. Despite this rise, the bank’s asset quality showed improvement every year, indicating a healthier balance sheet.

HDFC Bank’s Q2 results reflect continued stability in its core banking operations, coupled with strong growth in non-interest income, helping it outperform expectations in a challenging macro environment.

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