HDFC Bank Q1 net profit grows 5% to ₹19,060 crore
HDFC Bank reported a 5% year-on-year growth in net profit for the first quarter of 2026, reaching ₹19,060 crore. Despite the growth, the results fell short of analyst expectations, with net interest margins remaining under pressure.
Why it matters
As India's largest private sector bank, HDFC's financial performance is a key indicator of the health of the Indian banking sector and broader economy.
HDFC Bank Ltd, India’s largest private sector bank, for the first quarter ended June 30, 2026 reported a 5% year-on-year (YoY) growth in net at ₹19,060 crore, compared with ₹18,155 crore during the same period last year.
Analysts had estimated higher net profit.
The bank’s Net Interest Income (NII) rose by 6.7% to ₹33,536 crore. The growth was supported by a steady increase in loans and deposits, the bank said.
Net Interest Margin (NIM) remains under pressure and stood at 3.26%.
During the quarter, the bank’s asset quality increased. It’s Gross Non-Performing Assets (GNPA) fell 3.22% YoY to ₹35,846 crore. The Net NPA (NNPA) however marginally grew 0.65% to ₹12,357 crore from ₹12,276 crore a year ago.
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