HDFC Bank Q2 results: Net profit rises 10.8% to ₹18,641 crore; NII up 4.8% YoY

HDFC Bank , the country’s largest private sector lender, released its September quarter results today, posting a 10.8% year-on-year (YoY) increase in standalone net profit to ₹18,641.28 crore for the quarter ended September 30, 2025. The lender had posted net profit of ₹16,820.97 crore in the same period last year, it said in an exchange filing today.

The bank’s net interest income (NII) increased 4.8% YoY to ₹31,550 crore, compared with ₹30,110 crore in Q2 FY25. Its core net interest margin (NIM) stood at 3.27%, marginally down from 3.35% in the previous quarter.

Net revenue rose 10.3% YoY to ₹45,900 crore in the September quarter of FY26, from ₹41,600 crore a year earlier, the release noted.

HDFC Bank continued to see strong momentum in both deposits and advances. Average deposits increased 15.1% YoY to ₹27.10 lakh crore, while average CASA deposits grew 8.5% YoY to ₹8.77 lakh crore.

In a similar trend, total deposits touched ₹28.02 lakh crore in Q2FY26, up 12.1% YoY, with CASA balances up 7.4% YoY. Savings deposits stood at ₹6.53 lakh crore and current accounts at ₹2.96 lakh crore.

On the lending side, average advances under management grew 9% YoY to ₹27.94 lakh crore, while gross advances rose 9.9% YoY to ₹27.69 lakh crore. Growth was largely led by a 17% increase in SME loans, followed by 7.4% growth in retail and 6.4% growth in corporate and wholesale portfolios. Overseas advances accounted for 1.8% of the total loan book.

Asset quality showed improvement both on a sequential and yearly basis. The gross non-performing assets (GNPA) ratio fell to 1.24%, from 1.40% in June 2025 and 1.36% in September 2024. The net NPA ratio also improved to 0.42% from 0.47% in the previous quarter and 0.41% in the September quarter of the previous year.

On Friday, shares of HDFC Bank shares ended 0.83% higher at ₹1,002.50 apiece on the BSE.