HDFC Bank reports INR 195.10 billion profit. Jefferies keeps Buy on HDFC Bank stock

Published on 10/19/2026 at 09:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 net interest income rose 9.70 percent to INR 346.20 billion. HDFC Bank stock costs EUR 20.70 on October 19, 2026 before October 27.

Quarterly earnings and succession

HDFC Bank reported INR 195.10 billion in profit after tax for Q2 FY27 on October 17, 2026.
Net interest income reached INR 346.20 billion in the September 2026 quarter, up 9.70 percent year over year.
HDFC Bank stock traded at EUR 20.70 at 9:36 a.m. CEST at Lang & Schwarz on October 19, 2026.
Anup Bagchi is scheduled to take charge as chief executive on October 27, 2026.

HDB, US40415F1012, Illustration mit AI erstellt.

HDFC Bank (ISIN US40415F1012) reported INR 195.10 billion in standalone profit after tax for the second quarter of fiscal 2027 on October 17, 2026, up 4.70 percent from the year-earlier quarter, according to the bank's HDFC Bank. Jefferies maintained a Buy rating with an INR 880 target on October 19, 2026, as reported by The Economic Times.

Net interest income sets the tone

Net interest income rose 9.70 percent year over year to INR 346.20 billion in the September 2026 quarter, from INR 315.50 billion a year earlier. Net revenue increased 5.60 percent to INR 484.50 billion, while profit after tax excluding treasury trading gains rose 12.60 percent to INR 189.30 billion, figures in the earnings presentation show.

The operating picture was mixed beneath the headline profit. Net interest margin stood at 3.16 percent on total assets and 3.32 percent on interest-earning assets, while the cost-to-income ratio was 39.10 percent. Gross advances grew 16.30 percent year over year to INR 32,195 billion, and deposits increased 18.80 percent to INR 33,274 billion.

What does 3.16 percent mean?

The margin is the key investor question because it was lower than the preceding quarter, even as lending and deposits expanded. BusinessToday reported that Bernstein set an INR 1,150 target and JP Morgan an INR 970 target, while both reviews described the quarter as broadly in line with expectations. The same report said weaker treasury income and margin pressure weighed on profitability.

Leadership dates are set

The next two dated developments concern management rather than another scheduled earnings release. Anup Bagchi is scheduled to take charge as chief executive on October 27, 2026, while deputy managing director Kaizad has sought release from December 31, 2026, according to The Economic Times. The transition gives the margin trend and deposit mix a second test in the coming quarters.

Stock price and market value

HDFC Bank stock was trading at EUR 20.70 at Lang & Schwarz on October 19, 2026 at 9:36 a.m. CEST. The primary US listing last stood at USD 23.84 on October 16, 2026, with a market capitalization of USD 122.3 billion and a 52-week range of USD 21.71 to USD 37.45.

The further course of trading is shown by the continuously updated real-time quote of HDB stock.