HDB Financial Services reported a 34.2% increase in profit after tax, reaching ₹780 crore for the September quarter of FY27. This growth was attributed to higher loan demand and reduced provisions.
Financial Performance
The non-banking financial company announced that its total income rose by 12% to ₹3,188 crore for the quarter, up from ₹2,851 crore in the same period last year. The profit after tax for the previous year was ₹581 crore.
Key Financial Metrics
- Net interest income increased by 15.6% to ₹2,534 crore from ₹2,192 crore.
- Loan losses and provisions decreased by 2.5% to ₹730 crore, compared to ₹748 crore in the same quarter last year.
- The gross loan book grew by 12% to ₹1.24 lakh crore, up from ₹1.12 lakh crore.
