HDB Financial Services Ltd
NSE:HDBFS
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HDB Financial Services Ltd
NSE:HDBFS
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HDB Financial Services Ltd
HDB Financial Services Ltd. engages in the provision of loan products and insurance services. The company is headquartered in Mumbai, Maharashtra and currently employs 60,432 full-time employees. The company went IPO on 2025-07-02. The firm offers a portfolio of lending products that cater to a diverse customer base through an omni-channel distribution network. Its lending products are offered through its three business verticals: Enterprise Lending, Asset Finance and Consumer Finance. Its Enterprise Lending products include business loans, loan against property (LAP), enterprise business loan (EBL), salaried personal loans (SPL), and gold loans. Its Asset Finance products include commercial vehicle loans, construction equipment loans and tractor loans. Its Consumer Finance products include Relationship Personal Loans, and Auto Loans. The company also offers business process outsourcing (BPO) services such as back-office support services, collection and sales support services to its promoter as well as fee-based products such as distribution of insurance products primarily to its lending customers.
HDB Financial Services Ltd. engages in the provision of loan products and insurance services. The company is headquartered in Mumbai, Maharashtra and currently employs 60,432 full-time employees. The company went IPO on 2025-07-02. The firm offers a portfolio of lending products that cater to a diverse customer base through an omni-channel distribution network. Its lending products are offered through its three business verticals: Enterprise Lending, Asset Finance and Consumer Finance. Its Enterprise Lending products include business loans, loan against property (LAP), enterprise business loan (EBL), salaried personal loans (SPL), and gold loans. Its Asset Finance products include commercial vehicle loans, construction equipment loans and tractor loans. Its Consumer Finance products include Relationship Personal Loans, and Auto Loans. The company also offers business process outsourcing (BPO) services such as back-office support services, collection and sales support services to its promoter as well as fee-based products such as distribution of insurance products primarily to its lending customers.
Loan Book Growth: Gross loan book grew to INR 109,342 crores, up 2.3% quarter-on-quarter and 14.3% year-on-year.
Net Interest Income: NII rose 6% sequentially and 18.3% year-on-year, with NIM expanding to 7.7%.
Disbursements Decline: Disbursements fell 14% quarter-on-quarter and 8.1% year-on-year, mainly driven by weakness in Asset Finance and Enterprise Lending.
Asset Quality Deterioration: Gross Stage 3/NPAs increased to 2.56% from 2.26% last quarter; credit cost remained elevated at 2.5%.
Profit Growth: Profit after tax for Q1 was INR 568 crores, up from INR 531 crores in the previous quarter.
Capital Position: The company remains well capitalized with CRAR at 20.18%.
Management Outlook: Credit stress is concentrated in commercial vehicles and unsecured business loans; management expects asset quality and credit costs to stabilize and improve over coming quarters.
