From mint · Pranati Deva · · 1m 20s
HDFC Bank Q2 Results: Profit Rises 5% Under Outgoing CEO
HDFC Bank's Q2 profit up 5% to ₹19,510 crore as outgoing CEO Jagdishan steps down.
In brief
HDFC Bank's Q2 profit up 5% to ₹19,510 crore as outgoing CEO Jagdishan steps down. HDFC Bank reported 5% higher net profit to ₹19,510 crore and 10% jump in net interest income in Q2 FY27 under outgoing CEO Jagdishan. Originally reported by mint.
Q2 Profit Growth
HDFC Bank reported a 5% year-on-year rise in standalone net profit to ₹19,509.96 crore in Q2 FY27.
Net Interest Income Jump
Net interest income increased 9.72% to ₹34,619.18 crore, up from ₹31,551.50 crore in Q2 FY26.
Asset Quality Improvement
Gross non-performing asset ratio declined to 1.11% from 1.17% in the previous quarter.
Outgoing CEO Transition
Managing director and chief executive officer Sashidhar Jagdishan's tenure ends on October 26, with Anup Bagchi set to replace him.
Deposit Growth
Total deposits climbed 18.8% year-on-year to ₹33,27,400 crore as of September 30, 2026.
Capital Adequacy Ratio
Capital adequacy ratio under Basel III stood at 18.9% against 20% a year earlier and 11.9% regulatory requirement.
Treasury Trading Decline
Treasury trading gains declined to ₹780 crore from ₹2,390 crore in Q2 FY26.
Stock Price Trend
Shares closed 0.28% higher at ₹728.85 but have declined 26.5% in 2026 compared to Nifty 50's 11.5% fall.
The main idea
HDFC Bank reported 5% higher net profit to ₹19,510 crore and 10% jump in net interest income in Q2 FY27 under outgoing CEO Jagdishan.
