HDFC Bank posts 4.7% profit growth, broadly in line with forecasts
HDFC Bank's Q2 FY27 net profit rose 4.7% to Rs 19,510 crore, while net interest income grew 9.7%, both slightly below poll estimates.
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what happened
India's HDFC Bank reported second-quarter FY27 net profit of Rs 19,510 crore, up 4.7% from a year earlier, according to Moneycontrol. The figure roughly matched market expectations.
Net interest income climbed 9.7% to Rs 34,619.2 crore but landed a little under forecasts. A CNBC TV18 poll had pencilled in profit of Rs 19,567 crore and NII of Rs 34,861 crore, which puts the misses at about Rs 57 crore (0.3%) on profit and Rs 241.8 crore (0.7%) on NII.
The shares closed 0.28% higher at Rs 728.85 on Friday, ahead of the announcement. Year to date the stock is down 26.5%, versus an 11.5% decline in the Nifty 50, and the bank's market capitalisation is about Rs 11.24 lakh crore.
why it matters
The results sit close to consensus, so they offer little in the way of a surprise. For investors following India's banking sector, the small NII shortfall is the detail to watch, as it points to margin pressure rather than weaker asset quality. HDFC Bank's weight in the index means its numbers also matter for the broader market.
market impact
HDFC Bank and Nifty 50: results broadly in line with expectations, modest effect on the index
tags
instruments
sources
- HDFC Bank Q2 results: Net profit rises 4.7% to Rs 19,510 crore, meets estimates; NII up 9.7% — moneycontrol.com, 17 October 2026 at 08:32 UTC
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