HDFC Bank Q2 net profit jumps 10% on non-core income growth

A growth in non-core income helped HDFC Bank post a 10 per cent rise in the consolidated net profit for July-September quarter of FY26 at Rs 19,610.67 crore.

- OUR CORRESPONDENT

On a standalone basis, the largest private sector lender's net rose 10.82 per cent to Rs 18,641.28 crore for the quarter under review.

Its core net interest income rose 4.8 per cent to Rs 31,550 crore, helped by a nearly 10 per cent growth in advances, but restricted by a compression in net interest margin to 3.27 per cent, compared to 3.5 per cent in the year-ago period.

About NIMs, a subject of great interest for investors, the bank management said that the number will be stable or may go up over the next one or two years.

Non-interest income grew 25 per cent to Rs 21,730 crore during the quarter, helping it deliver the profit growth to a large extent along with the operating expenses, which went up by 6.4 per cent to Rs 17,980 crore.