The HDFC Bank Q3 FY26 Results highlight steady profitability, resilient asset quality, and improving balance sheet metrics during a crucial post-merger integration phase. This analysis is designed for equity investors, long-term shareholders, analysts, and retail market participants tracking HDFC Bank quarterly results to assess earnings quality, growth sustainability, and re-rating potential.
The HDFC Bank Q3 Results demonstrate how the bank continues to deliver consistent returns despite margin pressures and a competitive deposit environment.
Table of Contents:
- HDFC Bank Q3 FY26 Results at a Glance
- HDFC Bank Q3 FY26 Results Snapshot: Key Numbers
- Profitability and Income Performance in Q3 FY26
- Balance Sheet and Growth Trends
- Asset Quality and Risk Metrics
- Management Commentary and Outlook
- What the HDFC Bank Q3 Results Mean for Investors
- FAQs on HDFC Bank Q3 FY26 Results
The HDFC Bank Q3 FY26 Results reflect double-digit profit growth supported by stable credit costs and steady loan expansion.
| Metric |
Q3 FY26 Performance |
| Standalone Net Profit |
₹18,654 crore, up 11.5% YoY |
| Net Interest Income |
₹32,620 crore, up 6.4% YoY |
| Net Interest Margin |
3.35% on total assets |
| Profit Before Tax |
₹24,260 crore, up 11% YoY |
| Gross NPA |
1.24%, stable QoQ |
These HDFC Bank Q3 Results signal operational resilience during a normalisation phase following the merger.
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To evaluate how these quarterly earnings are reflected in market valuations, check the HDFC Bank share price, along with updated charts and key valuation ratios.
This snapshot captures the most important funding, growth, and risk indicators from the HDFC Bank Q3 FY26 Results, helping investors quickly assess balance sheet strength and earnings stability.
| Indicator |
Q3 FY26 |
| CASA Ratio |
32 to 34% |
| Credit Cost |
0.55% |
| Advances Growth |
11.9% YoY |
| Deposit Growth |
11.5% YoY |
These metrics reinforce the stability highlighted across the HDFC Bank quarterly results.
Profitability trends in the HDFC Bank Q3 FY26 Results were driven by core income stability rather than one-off gains.
Key earnings drivers:
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Net interest income grew 6.4% year on year to ₹32,620 crore.
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Total income rose to ₹90,005 crore, marking 2.91% YoY growth.
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Provisions declined over 10% YoY to ₹2,840 crore due to a ₹1,040 crore contingent provision release.
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Net interest margin stood at 3.3%, reflecting near-term pressure from deposit repricing.
The HDFC Bank Q3 Results underline that margin recovery remains gradual but visible over the medium term.
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The HDFC Bank quarterly results show healthy expansion across both deposits and advances, a critical indicator for future earnings growth.
| Balance Sheet Indicator |
YoY Growth |
| Average Deposits |
₹27.5 lakh crore, up 12.2% |
| Period-end Deposits |
₹28.5 lakh crore, up 11.5% |
| Gross Advances |
₹28.45 lakh crore, up 11.9% |
Loan growth was broad-based:
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MSME advances increased 17.2% YoY.
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Wholesale loans grew 10.3% YoY.
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Retail lending continued steady expansion.
Loan-to-deposit ratio improved towards the management target of 95% by FY26 end, a key highlight of the HDFC Bank Q3 FY26 Results.
Asset quality remained stable in the HDFC Bank Q3 Results, reinforcing confidence in underwriting discipline.
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Gross NPA ratio stayed unchanged at 1.24% QoQ.
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Credit cost excluding provision release stood at 0.5%.
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Provision coverage remained comfortable, supporting downside protection.
For investors evaluating HDFC Bank quarterly results, stable asset quality post-merger is a critical positive.
Management guidance provided important forward-looking signals in the HDFC Bank Q3 FY26 Results.
Key outlook points:
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Loan-to-deposit ratio targeted at 95% by FY26 end and low 90s by FY27.
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Credit growth expected at 12 to 13% in FY27, ahead of system growth.
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Margin recovery visibility over the next 2 to 3 years as deposit costs stabilise.
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No dividend announcement during Q3, with focus on growth and balance sheet efficiency.
These signals strengthen the long-term narrative behind the HDFC Bank Q3 Results.
From an investor perspective, the HDFC Bank Q3 FY26 Results met market expectations and reaffirmed the bank’s long-term investment thesis.
Investor implications:
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96% of analysts maintain a Buy rating, reflecting confidence in earnings normalisation.
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Near-term stock reaction remained muted due to margin pressures.
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Medium-term re-rating depends on deposit momentum and NIM recovery.
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Scale, brand strength, and balance sheet quality position the bank for market share gains.
The HDFC Bank Q3 FY26 results analysis suggests that FY27 could mark a stronger earnings phase as integration benefits materialise.
Want to understand how HDFC Bank’s earnings trajectory evolved before Q3 FY26? Read the detailed analysis of HDFC Bank Q3 FY26 Results to compare profit growth, asset quality, and loan trends.
1. What is the net profit reported in HDFC Bank Q3 FY26 Results?
HDFC Bank reported a standalone net profit of ₹18,654 crore, registering 11.5% year on year growth.
2. How did HDFC Bank Q3 Results perform on asset quality?
Asset quality remained stable with gross NPA at 1.24% and controlled credit costs.
3. What is the outlook after HDFC Bank Q3 FY26 Results?
Management expects credit growth of 12 to 13% in FY27 with gradual margin recovery over the next few years.
4. Did HDFC Bank announce a dividend in Q3 FY26?
No dividend was announced, as the focus remains on growth and balance sheet optimisation.
5. Why are HDFC Bank quarterly results important for long-term investors?
They indicate earnings stability, risk discipline, and long-term growth potential in India’s banking sector.