HDFC Bank Q4 Results 2026 Highlights: PAT rises 9% to ₹19,221 crore; NII growth at 3.8% YoY; ₹13 dividend declared

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As of March 31, 2026, the HDFC Bank’s distribution network was at 9,689 branches and 21,172 ATMs across 4,175 cities. 50% of the branches are in semi-urban and rural areas. In addition, the Bank has 14,400 business correspondents, which are primarily manned by Common Service Centres (CSC). The number of employees was at 2,11,178 as of March 31, 2026 as against 2,14,521 as of March 31, 2025.

HDFC Bank’s total Capital Adequacy Ratio (CAR) as per Basel III guidelines was at 19.7% as on March 31, 2026 compared to 19.6% as on March 31, 2025, and as against a regulatory requirement of 11.9%. Tier 1 CAR was at 17.7% and Common Equity Tier 1 Capital ratio was at 17.3% as of March 31, 2026.

The bank’s gross advances were at ₹29,600 billion as of March 31, 2026, an increase of 12.0% over March 31, 2025. Advances under management grew by 10.2% over March 31, 2025.

Retail loans grew by 6.5%, small and mid-market enterprises loans grew by 17.2% and corporate and other wholesale loans grew by 13.0%. Overseas advances constituted 1.6% of total advances.

HDFC Bank’s total End Of Period (EOP) Deposits were at ₹31,053 billion as of March 31, 2026, an increase of 14.4% over March 31, 2025. CASA deposits grew by 12.3% with savings account deposits at ₹7,058 billion and current account deposits at ₹3,545 billion.

Time deposits were at ₹20,450 billion as of March 31, 2026, an increase of 15.5% YoY, resulting in CASA deposits comprising 34.1% of total deposits as of March 31, 2026.

Total balance sheet size as of March 31, 2026 was ₹43,649 billion as against ₹39,102 billion as of March 31, 2025.

The total credit cost ratio was at 0.35% for the quarter ended March 31, 2026.

Net interest margin was at 3.38% on total assets, and 3.53% based on interest earning assets.

Pre-provisions Operating Profit during the quarter ended March 2026 grew 4.37% to ₹27,802.92 crore from ₹26,636.7 crore, YoY.

Asset quality of HDFC Bank improved on a sequential basis. Gross Non-Performing Assets (GNPA) in the March quarter declined 3.17% to ₹34,061.19 crore from ₹35,178.98 crore in the previous quarter. Net NPA decreased 6.7% to ₹11,169.54 crore from ₹11,981.75 crore, QoQ.

Gross NPA as a percentage of Gross Advances fell 4 basis points (bps) to 0.38% from 0.42%, QoQ. Net NPA ratio dropped 9 bps to 1.15% from 1.24%, QoQ.

Provisions during the March quarter dropped to ₹2,609.57 crore from ₹2,837.86 crore QoQ and from ₹3,193,05 crore, YoY.

HDFC Bank’s Net Interest Income (NII) in Q4FY26 increased 3.8% to ₹33,281.5 crore from ₹32,066 crore, YoY.

HDFC Bank reported a standalone net profit of ₹19,221.05 crore in the fourth quarter of FY26, registering a growth of 9.11% from ₹17,616.14 crore in the year ago period.

Key monitorables in HDFC Bank Q4 results today will be the lender’s management commentary on deposit accretion and resultant credit growth, and margin trajectory hereon.

HDFC Bank’s provisions in the March quarter are expected to rise 2.1% to ₹2,898 crore from ₹2,838 crore, QoQ, and decline by 9.2% from ₹3,193 crore, YoY.

Axis Securities expects HDFC Bank’s Q4 net profit to jump 10.3% to ₹19,428 crore from ₹17,616 crore, YoY, while its NII to grow 5.5% to ₹33,835 crore from ₹32,066 crore, YoY. NIMs are likely to remain broadly stable QoQ. Pre-Provisions Operating Profit (PPOP) during the quarter is expected to rise 6.8% to ₹28,352 crore from ₹26,537 crore, YoY.

HDFC Bank has corrected sharply to ~1.5x P/B (versus 2.5x cross-cycle average), now trading at a ~40% discount to its historical average, reflecting the resignation of chairman, elevated CD ratio, tighter balance sheet and near-term margin pressures — though still above trough given franchise strength, as per JM Financial.

HDFC Bank share price has fallen over 5% in one month, and has declined 15% in three months. The stock has dropped 20% in six months, while it has fallen 16% in one year. Over the past three years, HDFC Bank share price fell 4%, but the stock rose 12% in five years.

On Friday, HDFC Bank share price ended 0.55% higher at ₹799.90 apiece on the BSE.

Improving growth, stable margins, and contained credit costs are expected to drive up profitability. Slippages are likely to moderate sequentially as agri NPAs ease, as per Emkay Global.

Advances in the March quarter are estimated to grow 3.8% QoQ, and deposit growth is expected to be strong at 5.5% QoQ.