Hdfc Bank Limited · NSE:HDFCBANK
Hdfc Bank — Q1 FY2027 Earnings Presentation
36 slides from Hdfc Bank's earnings presentation, Jul 18, 2026
Slide 1: Q1FY27 Earnings Presentation
Classification - Confidential Q1FY27 Earnings Presentation July 18, 2026 Classification - Confidential
Slide 2: Key performance metrics for Q1 FY27
Key performance metrics for Q1 FY27 ➢ Deposits; average YoY ↑ ₹ 3.54 tn (13.3%) ; EOP YoY ↑ ₹ 4.07 tn (14.7%) ✓ Average deposits QoQ ↑ ₹ 1.60 tn (5.6%) ; EOP QoQ ↑ ₹ 0.66 tn (2.1%) ✓ Average CASA QoQ ↑ ₹ 0.39 tn (4.2%) ; EOP QoQ ↓ ₹ 0.35 tn (3.3%) ✓ Average time deposits QoQ ↑ ₹ 1.22 tn (6.3%) ; EOP
Slide 3: Key financial parameters for Q1 FY27
STANDALONE Key financial parameters for Q1 FY27 Average deposits at ₹ 30,115 bn, Profit after tax of ₹ 191 bn, EPS ↑13.3% YoY ; ↑5.6% QoQ for the quarter ₹ 12.4 Average advances under Gross NPA at 1.17%, ex-agri management at ₹ 30,386 bn, ↑10.8% YoY ; ↑2.5% QoQ 0.91% Net interest margin ^ (NIM) of 3
Slide 4: Income statement
STANDALONE Income statement P&L (₹ bn) Q1 FY26 Q4 FY26 Q1 FY27 QoQ YoY Net interest income 314.4 330.8 335.3 1.4% 6.7% Non-interest income 217.3 132.0 128.2 (2.9%) (41.0%) Net revenue 531.7 462.8 463.6 0.2% (12.8%) Operating expenses 174.3 184.8 181.9 (1.6%) 4.3% Provisions 144.4 26.1 30.6 17.2% (78
Slide 5: Abridged balance sheet
STANDALONE Abridged balance sheet Balance sheet (₹ bn) Jun'25 Mar'26 Jun'26 QoQ YoY Net Advances 26,284 29,372 30,373 1,001 4,089 Investments 8,967 8,842 9,194 352 227 Government & debt securities 8,765 8,641 8,979 338 214 Equity & other securities 202 201 215 14 13 Cash & equivalent 2,026 2,985 2,2
Slide 6: Capital and liquidity metrics
Capital and liquidity metrics Capital adequacy Liquidity ratios 124% 120% 20.0% 119% 116% 19.6% 19.9% 19.9% 19.7% 19.6% 114% 115% 17.7% 17.8% 17.9% 17.8% 17.7% 17.8% Q4 Mar'25 Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Average LCR 120% 118% 115% 115% 118% 119% Mar'25 Jun'25 Sep'25 Dec'25 Mar'
Slide 7: Growth in deposits
BUSINESS GROWTH Growth in deposits Average Deposits EOP Deposits ₹ bn ₹ bn h13.3% h14.7% h5.6% h2.1% 27,105 27,524 28,511 30,115 25,280 26,576 31,708 28,601 31,053 27,147 27,641 28,018 Q4 Mar'25 Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Mar'25 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 7 HDFC Bank P
Slide 8: Growth in advances
BUSINESS GROWTH Growth in advances Average advances under management EOP advances under management ₹ bn ₹ bn h10.8% h12.4% h2.5 % h2.3% 28,688 29,460 30,573 31,272 28,641 29,644 30,386 27,733 27,820 26,955 27,423 27,946 Q4 Mar'25 Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Mar'25 Jun'25 Sep'25
Slide 9: Retail branch driving deposits
HIGH QUALITY DEPOSIT FRANCHISE Retail branch driving deposits Average Retail / Wholesale Proportion of CASA deposits ₹ bn h9.4% 17% 18% 17% 17% 18% 20% i3.3% 7,058 7,008 6,390 6,527 6,617 83% 83% 83% 6,305 82% 82% 80% 3,141 2,980 2,964 2,995 3,545 3,245 Q4 Mar'25 Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar
Slide 10: Mix across segments
LOAN BOOK Mix across segments Advances mix Composition of retail assets Jun’26 Loans (₹ bn) Jun'25 Mar'26 Jun'26 QoQ YoY Retail 15,215 16,149 16,315 1.0% 7.2% 13% Mortgage 8,428 8,887 9,005 1.3% 6.8% Retail Assets 6,787 7,263 7,310 0.7% 7.7% 30% Small and mid-market 5,523 6,316 6,556 3.8% 18.7% 17%
Slide 11: Branch expansion and vintage
BUILDING FRANCHISE STRENGTH Branch expansion and vintage Branch network Branch vintage mix #s Jun’26 9,455 9,499 9,545 9,616 9,689 9,694 17% 17% 17% 17% 17% 17% 34% 34% 33% 33% 33% 33% 21% 21% 21% 21% 21% 21% 25% 23% 21% 28% 28% 28% 29% 29% 29% 19% 12% Mar'25 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Metro
Slide 12: Net revenues
STANDALONE Net revenues Net revenue Net revenue mix ₹ bn YoY 27% QoQ 29% 31% 29% 29% 28% 532 441 459 459 463 464 73% 71% 69% 71% 71% 72% # Q4 Mar'25** Q1 Jun'25* Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Q4 Mar'25 Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 YoY (7%) 31% 10% 9% 5% (13%)^ Net Inte
Slide 13: Net interest income
STANDALONE Net interest income Net interest income Net interest margin (NIM) ₹ bn 3.26% 3.7% YoY 3.5% 3.5% 3.5% 3.5%QoQ 3.4% 3.4% 3.4% 3.4% 3.4% 3.3% 3.3% 331 335 321 326 314 316 Q4 Mar'25 Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Q4 Mar'25 Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Y
Slide 14: Yield on assets and cost of funds
STANDALONE Yield on assets and cost of funds Yield on assets and cost of funds Key Balance Sheet Mix Particulars Sep'23 Mar'24 Mar'25 Dec'25 Mar'26 Jun'26 8.4% 8.1% 7.8% 7.8% 7.8% 7.7% AUM Mix Retail 53% 54% 55% 53% 53% 52% Mortgage 29% 30% 30% 30% 29% 29% 4.9% 4.8% Retail Assets 24% 24% 25% 23% 24%
Slide 15: Other income
STANDALONE Other income Other income Fee income mix ₹ bn 217 6% 6% 7% 6% 6% 7% 24 13% 17% 16% 17% 17% 16% 144 133 132 128 120 101 35% 32% 15 36% 34% 35% 36% 17 17 17 24 9 8 27 4 16 14 15 4 14 13 16 18% 20% 19% 19% 19% 20% 85 88 92 92 85 76 28% 22% 24% 23% 25% 21% Q4 Mar'25** Q1 Jun'25* Q2 Sep'25 Q3
Slide 16: Operating expenses
STANDALONE Operating expenses Operating expenses Cost efficiency ₹ bn ^ 180 180 185 182 # 176 174 39.8% 39.6% 39.2% 39.2% 39.9% 39.2% 115 116 122 118 114 113 Q4 Mar'25 Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Cost to income ratio 61 62 65 64 63 64 1.9% 1.9% 1.9% 1.9% 1.9% 1.8% Q4 Mar'25 Q1
Slide 17: Resilient asset quality
RISK MANAGEMENT Resilient asset quality Gross NPA and Net NPA GNPA by Segment 1.4% 1.1% 1.2% 1.2% 1.2% 1.2% 1.1% 1.2% 1.1% 1.1% 0.7% 0.7% 0.5% 0.4% 0.4% 0.4% 0.4% Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Mar'26 Jun'26 GNPA NNPA Retail Retail (ex-Agri) Others GNPA (ex-agri) 1.1% 1.0% 1.0% 0.9% 0.9% Stable
Slide 18: Movement of NPAs
RISK MANAGEMENT Movement of NPAs ₹ bn 40 (Ex-agri 91 bps) 115 bps 80 23 117 bps (Ex-agri 91 bps) (Ex-agri : 61 bn) 341 358 GNPA as on Mar'26 Slippages Upgrades & Recoveries Write offs GNPA as on Jun'26 ₹ bn (Ex-agri 97 bps) 124 bps 62 46 27 115 bps (Ex-agri 91 bps) (Ex-agri : 54 bn) 352 341 GNPA as
Slide 19: Credit cost and stock of provisions
RISK MANAGEMENT Credit cost and stock of provisions Credit cost Stock of provisions ₹ bn 720 722 718 715 724 56 bps 55 bps 51 bps 106 113 115 115 119 41 bps 41 bps 40 bps 214 214 214 214 37 bps 35 bps 214 29 bps # 152 167 157 157 156 21 bps 248 228 232 229 235 Q1 Jun'25* Q2 Sep'25 Q3 Dec'25* Q4 Mar'
Slide 20: Profitability
Profitability Standalone profit after tax Earnings per share* ₹ bn ₹ 11.9 12.1 12.1 12.5 12.4 11.5 192 Q4 Mar'25 Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 191 186 187 182 EPS Standalone 176 * for the quarter YoY # bn 15.30 15.32 15.35 15.38 15.39 15.40 Q4 Mar'25 Q1 Jun'25 Q2 Sep'25 Q3 Dec'25
Slide 21: Stake held in key subsidiary entities – June 30, 2026
GROUP COMPANIES Stake held in key subsidiary entities – June 30, 2026 Investment Total shares % Stake PAT of the Book value EPS (FTQ) Entity Amount outstanding held by company per share (₹) (₹ bn) by entity (mn) HDFC Bank (FTQ) (₹ bn) (₹) HDB Financial Services 29 830.4 74.12% 7.9 256.7 9.5 HDFC Lif
Slide 22: Subsidiaries – Q1FY27 update – HDB Financial Services
GROUP COMPANIES Subsidiaries – Q1FY27 update – HDB Financial Services • 74.12% stake held by the Bank as of June 30, 2026 • 23.9 million customers serviced through a network of 1,710 branches across 1,165 cities/towns ‒ Incrementally, 0.9 million customers have been added during Q1 FY27 • Q1FY27 per
Slide 23: Subsidiaries – Q1FY27 update – HDFC Life Insurance
GROUP COMPANIES Subsidiaries – Q1FY27 update – HDFC Life Insurance • 50.54% stake held by the Bank as of June 30, 2026 • 282k individual policies sold and overall 10.1 mn lives insured during the quarter • Individual weighted received premium market share of 16.3% for Q1FY27 • Q1FY27 performance hig
Slide 24: Subsidiaries – Q1FY27 update – HDFC AMC
GROUP COMPANIES Subsidiaries – Q1FY27 update – HDFC AMC • 52.34% stake held by the Bank as of June 30, 2026 • Quarterly average AUM of ₹ 9.4 trillion; 11.2% market share • 66% of quarterly average AUM is equity oriented with 61% in actively managed equity oriented • 17.1 million unique investors; 28
Slide 25: Subsidiaries – Q1FY27 update – HDFC ERGO General Insurance
GROUP COMPANIES Subsidiaries – Q1FY27 update – HDFC ERGO General Insurance • 50.24% stake held by the Bank as of Jun 30, 2026 • Q1FY27 Gross direct premium market share of 4.7% in overall industry and 7.0% amongst private sector insurers • Retail mix in business 62% for the quarter ended June 30, 20
Slide 26: Subsidiaries – Q1FY27 update – HDFC Securities Limited
GROUP COMPANIES Subsidiaries – Q1FY27 update – HDFC Securities Limited • 93.99% stake held by the Bank as of June 30, 2026 • 8.0 million customers serviced through a network of 127 branches across 100 cities • Around 96% of the active clients utilized the services offered through company’s digital p
Slide 27: Consolidated income statement
CONSOLIDATED Consolidated income statement P&L (₹ bn) Q1 FY26 Q4 FY26 Q1 FY27 QoQ YoY Net revenue 853.5 717.0 854.8 19.2% 0.2% Operating expenses 491.8 405.9 544.9 34.2% 10.8% Provisions 153.1 34.4 38.0 10.5% (75.2%) Profit before tax 208.5 276.7 271.9 (1.7%) 30.4% Consolidated profit 162.6 203.5 19
Slide 28: ESG at HDFC Bank
ESG at HDFC Bank Environmental Social Governance Ratings & Indices FTSE4GOOD Emerging Indices • Target to be carbon neutral by • Leading responsibly • Commitment to principles of March 31, 2026 FY32 • Banking the unbanked through independence, accountability, MSCI Emerging • Board approved Environme
Slide 29: Balance sheet and capital productivity
COMPOUNDING VALUE Balance sheet and capital productivity Growth in assets and RoA 50,000 1.9 1.9 1.9 1.9 2.0 2.0 2.0 2.1 2.0 1.9 1.9 1.9 40,000 30,000 20,000 10,000 - FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Q1 Jun'26 Assets ROA % Healthy capital position and RoE 18.0 18.0 18.2 16.8 16
Slide 30: Book value performance
COMPOUNDING VALUE Book value performance Standalone book value per share* ₹ 328 341 340 353 366 379 278 290 301 304 316 263 267 Q1 Jun'23 Q2 Sep'23 Q3 Dec'23 Q4 Mar'24 Q1 Jun'24 Q2 Sep'24 Q3 Dec'24 Q4 Mar'25 Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Consolidated book value per share* ₹ 354 3
Slide 31: Appendix
APPENDIX 31 HDFC Bank Presentation Q1 FY2027
Slide 32: Industry-wise distribution
CONSOLIDATED Industry-wise distribution* Total Total Industry (₹ bn) Outstanding As a (%) Industry (₹ bn) Outstanding As a (%) (FB + NFB) (FB + NFB) Consumer Loans 10,105 27.1% Housing Finance Companies 525 1.4% NBFC 2,100 5.6% Capital Market Intermediaries 495 1.3% Real Estate & Property Services 1
Slide 33: Top 20 borrower exposure as a % of total exposure
Top 20 borrower exposure as a % of total exposure 10.2% 9.6% 9.7% 9.4% 9.2% 9.4% Mar'25 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 33 HDFC Bank Presentation Q1 FY2027
Slide 34: Risk Weighted Assets
Risk Weighted Assets RWA to Total Assets Risk Weight Density* 69% 70% 70% 69% 68% 68% 66% 64% 65% 65% 64% 65% Mar'25 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Mar'25 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 34 HDFC Bank Presentation Q1 FY2027 * Risk Weight Density = RWA / (FB + NFB (post CCF))
Slide 35: Corporate rating mix – June’26
Corporate rating mix – June’26 Rating mix % of externally rated wholesale book (corporate & mid corporate) 77.6% 11.6% 6.9% 3.9% AA and above A BBB BB and below 35 HDFC Bank Presentation Q1 FY2027 Certain figures reported above will not add-up due to rounding
Slide 36: Safe harbour statement
Safe harbour statement We have included statements in this report which contain words or phrases such as “will”, “aim”, “will likely result”, “believe”, “expect”, “will continue”, “anticipate”, “estimate”, “intend”, “plan”, “contemplate”, “seek to”, “future”, “objective”, “goal”, “project”, “should”