HDFC Bank Q3 Results 2026 Highlights: Net profit rises 11% to ₹18,654 crore; NII up 6.4% YoY

The bank's consolidated profit rose by 12.2% YoY to ₹19,806.63 crore from ₹17,656.61 crore in the same quarter last year.

Operating profit before provisions and contingencies increased by 8.4% YoY to ₹27,097.80 crore from ₹25,000.40 crore in the same quarter last year.

Operating profit before provisions and contingencies increased by 8.4% YoY to ₹27,097.80 crore from ₹25,000.40 crore in the same quarter last year.

Operating profit before provisions and contingencies increased by 8.4% YoY to ₹27,097.80 crore from ₹25,000.40 crore in the same quarter last year.

Operating profit before provisions and contingencies increased by 8.4% YoY to ₹27,097.80 crore from ₹25,000.40 crore in the same quarter last year.

Operating profit before provisions and contingencies increased by 8.4% YoY to ₹27,097.80 crore from ₹25,000.40 crore in the same quarter last year.

HDFC Bank's asset quality in the quarter under review dropped sequentially. Gross NPA ratio in Q3FY26 was flat at 1.24%, while net NPA ratio was also flat at 0.42%, QoQ.

HDFC Bank is one of India's largest private-sector banks by market capitalisation, with a market cap of ₹7.13 lakh crore.

The premier lender provides a wide range of financial products and services across the country using multiple distribution channels.

The services include a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.

HDFC Bank's average CASA deposits were ₹8,984 billion in the December 2025 quarter, up 9.9% from ₹8,176 billion in the December 2024 quarter and 2.4% from ₹8,770 billion in the September 2025 quarter.

For the quarter under review, the lender's average deposits were ₹27,524 billion, up 12.2% from ₹24,528 billion in the December 2024 quarter and 1.5% from ₹27,105 billion in the September 2025 quarter.

Retail loans jumped 6.9%, small- and mid-market enterprise loans by 17.2%, and corporate and other wholesale loans by 10.3%.

Brokerage firm Systematix expected that the bank will report 11.2% YoY growth in net profit in the December quarter of FY26, while Elara Capital anticipated the PAT to rise 6.6% YoY in Q3 FY26.

HDFC Bank share price ended 0.56% higher at ₹931.15 apiece on the BSE Friday ahead of the announcement of Q3 results. The stock has fallen 6% in one month, but has risen 13% in one year. The private bank’s stock price has gained 17% in three years and has delivered 27% returns over the past five years.

The total credit cost ratio, excluding the release of contingent provisions, was at 0.55% for the quarter ended December 31, 2025.

HDFC Bank reported a core net interest margin (NIM) of 3.35% on total assets and 3.51% on interest-earning assets.

HDFC Bank's net interest income (NII) surged by 6.4% YoY to ₹32,615 crore from ₹30,653 crore in Q3FY25.

HDFC Bank flagged ₹800 crore impact on account of the newly introduced labour code.

“Operating expenses excluding the estimated impact of ₹8.0 billion for employee benefits under the New Labour Code were ₹179.7 billion, as against ₹171.1 billion during the corresponding quarter of the previous year,” the lender said.

HDFC Bank posted an 11.5% year-on-year (YoY) rise in its standalone profit to ₹18,653.75 crore for the October to December quarter of Q3FY26. The bank's profit was ₹16,735.50 crore in the same quarter previous year.

As of December 31, 2025, the lender's distribution network comprised 9,616 branches and 21,176 ATMs across 4,170 cities and towns, compared with 9,143 branches and 21,049 ATMs across 4,101 cities and towns as of December 31, 2024. 50% of the branches are in semi-urban and rural areas.

For the nine months ended December 31, 2025, the Bank earned a total income of ₹2,802.5 billion as against ₹2,566.6 billion in the corresponding period of the previous year.

Core net interest margin stood at 3.35% on total assets and 3.51% based on interest-earning assets.

Gross advances stood at ₹28,446 billion as of December 31, 2025, up 11.9% YoY. Advances under management grew by 9.8% YoY. Retail loans grew by 6.9%, small- and mid-market enterprise loans grew by 17.2%, and corporate and other wholesale loans grew by 10.3%. Overseas advances were 1. 7% of total advances.

Gross NPA dropped 2.3% YoY to ₹35,178.98 crore in Q3FY26 from ₹36,018.58 crore in Q3FY25, while net NPAs, however, rose by 3.4% YoY to ₹11,981.75 crore from ₹11,587.54 crore in Q3FY25.

HDFC Bank's Q3 other total income (non-interest revenue) for the December 2025 quarter increased 15.7% to ₹13,253.84 crore as against ₹11,453.56 crore, YoY.

The bank's consolidated profit rose by 12.2% YoY to ₹19,806.63 crore from ₹17,656.61 crore in the same quarter last year.

Retail loans grew by 6.9%, small- and mid-market enterprise loans by 17.2%, and corporate and other wholesale loans by 10.3%.

The lender's average CASA deposits were ₹8,984 billion in the December 2025 quarter, up 9.9% from ₹8,176 billion in the December 2024 quarter and 2.4% from ₹8,770 billion in the September 2025 quarter.

HDFC Bank's average deposits stood at ₹27,524 billion for the quarter ended on December 31, 2025, up 12.2% from ₹24,528 billion in the same quarter previous year, and 1.5% over ₹27,105 billion for the September 2025 quarter.

HDFC Bank's total balance sheet size as of December 31, 2025, was ₹40,890 billion, as against ₹37,590 billion as of December 31, 2024, according to the lender's exchange filing on Saturday, January 17, 2026.

HDFC Bank Q3 Results 2026 LIVE: As of December 31, 2025, HDFC Bank’s distribution network was at 9,616 branches and 21,176 ATMs across 4,170 cities/ towns as against 9,143 branches and 21,049 ATMs across 4,101 cities/ towns as of December 31, 2024. 50% of the branches are in semiurban and rural areas.

In addition, the Bank has 15,216 business correspondents, which are primarily manned by Common Service Centres (CSC). The number of employees rose at 2,15,739 as of December 31, 2025, from 2,10,219 as of December 31, 2024.

HDFC Bank Q3 Results 2026 LIVE: Gross advances were at ₹28,446 billion as of December 31, 2025, an increase of 11.9% YoY. Advances under management grew by 9.8% YoY. Retail loans grew by 6.9%, small and mid-market enterprises loans grew by 17.2% and corporate and other wholesale loans grew by 10.3%. Overseas advances constituted 1. 7% of total advances.

HDFC Bank Q3 Results 2026 LIVE: HDFC Bank’s average advances under management, grossing up for transfers through inter-bank participation certificates, bills rediscounted and securitisation / assignment were ₹28,641 billion for the December 2025 quarter, a growth of 9.0% over ₹26,276 billion for the December 2024 quarter, and a growth of 2.5% over ₹27,946 billion for the September 2025 quarter.

HDFC Bank Q3 Results 2026 LIVE: Total EOP Deposits were at ₹28,601 billion as of December 31, 2025, an increase of 11.6% over December 31, 2024. CASA deposits grew by 10.1% with savings account deposits at ₹6,617 billion and current account deposits at ₹2,995 billion. Time deposits were at ₹18,989 billion as of December 31, 2025, an increase of 12.3% over the corresponding quarter of the previous year, resulting in CASA deposits comprising 33.6% of total deposits as of December 31, 2025.

HDFC Bank Q3 Results 2026 LIVE: HDFC Bank’s average deposits were ₹27,524 billion for the December 2025 quarter, a growth of 12.2% over ₹24,528 billion for the December 2024 quarter, and 1.5% over ₹27,105 billion for the September 2025 quarter.

HDFC Bank Q3 Results 2026 LIVE: HDFC Bank’s total balance sheet size as of December 31, 2025 was ₹40,88,987.27 crore as against ₹37,58,964.54 as of December 31, 2024.

HDFC Bank Q3 Results 2026 LIVE: Asset quality of HDFC Bank in Q3 deteriorated sequentially. Gross NPA ratio in Q3FY26 was flat at 1.24% as against 1.24%, QoQ. Net NPA ratio was also flat at 0.42% as against 0.42% in the previous quarter.

In absolute terms, gross NPAs in the quarter ended December 2025 increased 2.59% to ₹35,178.98 crore from ₹34,289.48 crore in the September 2025 quarter. Net NPAs rose 4.66% to ₹11,981.75 crore from ₹11,447.29 crore, QoQ.

HDFC Bank Q3 Results 2026 LIVE: The total credit cost ratio excluding the release of contingent provisions was at 0.55% for the quarter ended December 31, 2025.

HDFC Bank Q3 Results 2026 LIVE: Provisions and contingencies for the quarter ended December 31, 2025 were at ₹2,837.86 crore versus ₹3,500.53 crore, QoQ, versus ₹3,153.85 crore, YoY.

HDFC Bank Q3 Results 2026 LIVE: Pre-Provisions Operating Profit (PPOP) of the lender in Q3FY26 rose 8.38% to ₹27,097.80 crore from ₹25,000.4 crore, YoY.

HDFC Bank Q3 Results 2026 LIVE: Other total income (non-interest revenue) for the December 2025 quarter increased 15.7% to ₹13,253.84 crore as against ₹11,453.56 crore, YoY.

The four components of other income were fees & commissions of ₹92.3 billion as against ₹81.8 billion in the corresponding quarter of the previous year, foreign exchange & derivatives revenue of ₹14.3 billion vs ₹14.0 billion YoY, net trading and mark to market gain of ₹9.3 billion vs ₹0.7 billion YoY, and miscellaneous income, including recoveries and dividend of ₹16.6 billion as compared with ₹17.9 billion YoY.

HDFC Bank Q3 Results 2026 LIVE: Core net interest margin was at 3.35% on total assets, and 3.51% based on interest earning assets.

HDFC Bank Q3 Results 2026 LIVE: Net Interest Income (NII) in Q3FY26 rises 6.4% to ₹32,615 crore from ₹30,653 crore, YoY.

HDFC Bank Q3 Results 2026 LIVE: HDFC Bank’s standalonenet profit rises 11.4% to ₹18,653.75 crore from ₹16,735.50 crore, YoY.

HDFC Bank Q3 Results 2026 LIVE: BNP Paribas expects HDFC Bank’s Q3 net profit to rise 5% to ₹17,565 crore from ₹16,735.5 crore, while NII is seen up 4.9% to ₹32,155 crore from ₹30,653 crore, YoY. PPOP is expected to grow 8.1% to ₹27,026 crore from ₹25,000 crore, YoY.

HDFC Bank Q3 Results 2026 LIVE: HDFC Bank’s total loans are expected to rise 13.2% YoY to ₹28,50,700 crore, while deposits are estimated to grow 12.1% YoY to ₹28,74,600 crore.

HDFC Bank Q3 Results 2026 LIVE: HDFC Bank share price ended 0.56% higher at ₹931.15 apiece on the BSE Friday ahead of the announcement of Q3 results today. The stock has fallen 6% in one month, but has risen 13% in one year. The private bank’s stock price has gained 17% in three years and has delivered 27% returns over the past five years.

HDFC Bank Q3 Results 2026 LIVE: Elara Capital expects better momentum in HDFC Bank’s loan growth, while the key factor to watch for will be deposit traction and the composition in the form of ‘retail and others’. The brokerage firm expects CD ratio to rise within 98-100% and further commentary on the direction of CD ratios will need to be watched. It expects broadly steady NIMs, but the interplay within LDR, LCR and NIMs will be the key monitorable. Asset quality to see another steady print, reflected in curtailed slippages, and Q3 should see slightly higher slippages, it being a KCC quarter, it said. Commentary on growth outcomes and NIMs is likely to dominate the discussions.

HDFC Bank Q3 Results 2026 LIVE: Asset quality of HDFC Bank is estimated to remain stable sequentially during the quarter ended December 2025. Gross NPA ratio in Q3FY26 is expected to be flat at 1.2% as against 1.2% in the previous quarter. Net NPA ratio is also estimated to be flat at 0.4% as against 0.4%, QoQ.

HDFC Bank Q3 Results 2026 LIVE: Motilal Oswal Financial Services expects HDFC Bank to report 3% QoQ growth in advances and deposits. Margins are likely to improve by 6 bps in Q3, while cost ratios are expected to be steady and opex growth to be in the low single digit. Seasonal stress to be in KCC/Agri, while credit cost to be steady.