HDFC Bank's Q2 profit jumps 11% YoY to ₹18,641cr
What's the story
HDFC Bank has announced its financial results for the second quarter of FY26. The bank's standalone net profit grew by 10.8% year-on-year (YoY) to ₹18,641.28 crore. This is up from ₹16,820.97 crore in the same period last year. This growth highlights the bank's strong performance over the past few months.
Financial performance
NII rises 4.8% YoY to ₹31,550cr
In addition to the profit surge, HDFC Bank also witnessed a 4.8% YoY increase in its net interest income (NII), which stood at ₹31,550 crore for the quarter ending September 30, 2025. This is up from ₹30,110 crore in the same quarter of FY25. The bank's core net interest margin was at 3.27% on total assets during this period, indicating asset repricing outpaced deposit repricing compared to 3.35% in Q1 FY26 (June-end).
Revenue and deposits
Net revenue up by 10.3% YoY
HDFC Bank's net revenue for the quarter ending September 30, 2025, rose by 10.3% YoY to ₹45,900 crore from ₹41,600 crore in the same period last year. The bank also reported strong growth in deposits and advances during this period. Average deposits increased by 15.1% YoY to ₹27.10 lakh crore, while average CASA (Current Account Savings Account) deposits grew by 8.5% to ₹8.77 lakh crore over the same period last year.
Asset quality
Asset quality improves both sequentially and YoY
HDFC Bank's asset quality improved both sequentially and YoY, with gross non-performing assets (GNPA) falling to 1.24% of gross advances as of September 30, 2025. This is an improvement from the previous quarter's figure of 1.40% and last year's figure of 1.36%. Excluding NPAs from the agricultural segment, the GNPA ratio was at 0.99%, down from June FY26's figure of 1.14% and September FY25's figure of 1.19%.