HDB Financial Services experienced a 2% decline in net profit for Q1FY26, settling at Rs 568 crore. Despite this dip, Net Interest Income surged 18% to Rs 2,092 crore, fueled by robust loan growth. However, a sharp rise in provisions and a weakening asset quality, with gross stage 3 loans climbing to 2.56%, impacted overall profitability.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets