HDFC Bank Q4 results:Consolidated net profit rises 8.04% to ₹20,350.76 cr; declares dividend of ₹13 per equity share of ₹1 each

HDFC Bank on Saturday, April 18, reported an 8.04% year-on-year rise in consolidated net profit to ₹20,350.76 crore for the March quarter of FY26. The bank had posted a consolidated net profit of ₹18,834.88 crore in the corresponding period last year. On a standalone basis, net profit rose 9.11% to ₹19,221.05 crore, compared with ₹18,653.75 crore in the December quarter. Income steady, expenditure declines Total income for the January–March 2026 quarter stood at ₹89,809 crore, up marginally from ₹89,488 crore a year earlier. Total expenditure declined to ₹62,006 crore from ₹62,951 crore, aiding overall profitability. Net revenue increased 5% to ₹46,280 crore from ₹44,090 crore in the year-ago period. Net interest income and margins Net interest income (NII) rose 3.2% to ₹33,080 crore for the quarter, from ₹32,070 crore a year earlier. Net interest margin (NIM) stood at 3.38% on total assets and 3.53% based on interest-earning assets, the bank said in a regulatory filing. Asset quality strengthens Asset quality improved during the quarter, with gross non-performing assets (NPAs) declining to 1.15% of gross advances as of March 31, 2026, from 1.24% in December 2025 and 1.33% a year earlier. Net NPAs stood at 0.38% of net advances at the end of the quarter. Provisions and credit cost fall Provisions and contingencies declined to ₹2,610 crore during the quarter, compared with ₹3,193 crore in the March 2025 quarter. The total credit cost ratio stood at 0.35%. Capital position remains strong The bank’s capital adequacy ratio (CAR) under Basel III norms stood at 19.7% as of March 31, 2026, up from 19.6% a year earlier, and well above the regulatory requirement of 11.9%. Tier 1 CAR was 17.7%, while the common equity Tier 1 ratio stood at 17.3%. Deposits see steady growth Average deposits for the March 2026 quarter rose 12.8% year-on-year to ₹28.5 lakh crore, and 3.6% sequentially. Average CASA (current account savings account) deposits stood at ₹9.18 lakh crore, up 10.8% year-on-year and 2.2% quarter-on-quarter. Dividend announced The board recommended a final dividend of ₹13 per equity share of ₹1 each for FY26. The record date for the dividend is June 19, 2026. The bank had earlier paid a special interim dividend of ₹2.5 per share in August 2025. Stock movement, leadership update Ahead of the results, HDFC Bank shares closed 0.55% higher at ₹799.90 apiece on the BSE. The results mark the first earnings announcement following the resignation of former part-time chairperson Atanu Chakraborty on March 17.