HDB Financial shares surge on strong quarterly results
Company's profit rises 38%, analysts maintain neutral stance.
1Strong quarterly performance
HDB Financial Services reported a 38% increase in net profit to Rs 785 crore for Q1 2026. Net interest income grew by 20% with improved asset quality. Assets under management rose 11% to Rs 1.22 lakh crore, reflecting steady business expansion.
2Analyst perspectives
Motilal Oswal maintained a 'Neutral' rating with Rs 810 target price, citing NIM expansion and asset quality improvements. Nomura remained cautious due to global uncertainties while acknowledging healthy portfolio yield growth.
3Loan growth trajectory
The company's gross loan book expanded 11% to Rs 1.21 lakh crore. Management expects acceleration in coming quarters from strategic initiatives, though current growth slightly lagged expectations.
4Asset quality improvements
Credit costs remained broadly stable with notable asset quality enhancements. This performance during a seasonally weak quarter signals operational resilience to market observers.
5Market reaction
HDB Financial shares jumped 4.5% to Rs 786 on BSE post-results. Despite neutral ratings, positive financial metrics continue attracting investor interest in the NBFC sector.
6Sector significance
Loan growth, margins and asset quality remain critical valuation drivers in financial services. HDB Financial's post-listing performance on these parameters will be closely monitored by market participants.
Original article: Economic Times — HDB Financial hisseleri güçlü çeyrek sonuçlarıyla yükseldi