HDFC Bank reported Q3 FY2026 net profit of Rs 16,800 crore, up 18% year-on-year, beating the consensus estimate of Rs 15,400 crore. Net interest income grew 13% to Rs 30,200 crore while net interest margin improved to 3.72% from 3.58% in the year-ago quarter. Gross NPA declined to 1.34% from 1.42%, reflecting successful post-merger HDFC Limited integration and effective credit risk management.
MD and CEO Sashidhar Jagdishan expressed confidence in maintaining the growth trajectory as HDFC merger synergies materialise. Total advances grew 16.8% to Rs 28.4 lakh crore with retail, SME, and home loans all in double digits. The bank added 380 new branches in the quarter taking its network to 9,142 total. HDFC Bank shares rose 3.4% adding Rs 85,000 crore to its Rs 12.6 lakh crore market cap.