HDFC Bank reports Q2 profit growth as leadership change nears for HDFC Bank stock

Published on 10/22/2026 at 09:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HDFC Bank reported INR 195.10 billion profit in Q2 FY27. HDFC Bank stock traded at EUR 20.10 on October 22, 2026.

Leadership transition and earnings

HDFC Bank reported INR 195.10 billion in Q2 FY27 profit on October 17, 2026.
Net interest income reached INR 346.20 billion in the quarter ended September 30, 2026, up 9.70 percent year over year.
HDFC Bank stock traded at EUR 20.10 at 9:30 a.m. CEST at Lang & Schwarz on October 22, 2026.
Anup Bagchi is scheduled to become chief executive on October 27, 2026.

HDB, US40415F1012, Illustration mit AI erstellt.

HDFC Bank (ISIN US40415F1012) traded at EUR 20.10 at Lang & Schwarz on October 22, 2026 at 9:30 a.m. CEST. The bank's second-quarter profit rose 4.70 percent year over year to INR 195.10 billion, while the leadership transition moves closer.

Business Standard reported the results on October 17, 2026 for the July to September quarter of fiscal year 2027. Net interest income increased 9.70 percent to INR 346.20 billion, supported by 16.30 percent growth in gross advances.

Q2 growth met a tougher backdrop

The earnings mix was less uniform than the headline profit figure. Other income fell 3.60 percent year over year to INR 138.30 billion, while treasury trading gains dropped to INR 7.80 billion from INR 23.90 billion. Operating expenses increased to INR 189.70 billion from INR 179.80 billion, and the net interest margin stood at 3.16 percent of total assets.

Asset quality provided a counterweight. Gross non-performing assets improved to 1.11 percent of gross advances on September 30, 2026, compared with 1.17 percent in June and 1.24 percent a year earlier. Deposits grew 18.80 percent year over year to INR 33.27 trillion, giving the balance sheet a stronger funding base.

What does the leadership change mean?

Moneycontrol reported on October 19, 2026 that Emkay Global Financial reiterated its Buy rating and INR 1,050 target in research dated October 18, 2026. The note linked the transition with a possible recovery in confidence, while also highlighting that net interest margin fell 8 basis points sequentially to 3.30 percent.

Three dates frame the transition

On October 1, 2026, the Reserve Bank of India approved Anup Bagchi as managing director and chief executive for three years. On October 17, 2026, HDFC Bank approved its second-quarter and half-year results, including INR 195.10 billion in quarterly profit. On October 27, 2026, Bagchi is scheduled to take charge, according to Business Standard.

Next dates for HDFC Bank

The next two dated corporate milestones are Bagchi's scheduled start on October 27, 2026, and Deputy Managing Director Kaizad Bharucha's planned departure at the end of December 2026. The earnings release also places the next leadership test against the bank's 3.16 percent net interest margin and 1.11 percent gross non-performing asset ratio.

EUR 20.10 in early Xetra trading

On the NYSE, HDB was last at USD 22.67 on October 21, 2026 at 4:00 p.m. ET, with a market capitalization of USD 116.3 billion and a 52-week range of USD 21.71 to USD 37.45. HDFC Bank's primary listing and HDB symbol are identified by Ticker Scout.

HDFC Bank was trading at EUR 20.10 at Lang & Schwarz on October 22, 2026 at 9:30 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of HDFC Bank stock.