HDFC Bank Limited Q3 FY26 earnings call summary

Earnings call of 17 Jan 2026, summarised by AI from the filing.

HDFC Bank guides CD ratio to 90%-96% in FY26 and 85%-90% in FY27, with credit growth encouraging and cost of funds down 10-11 bps.

Key takeaways

1. Credit growth Credit growth buildup was encouraging with balanced credit across segments; CRR release enabled deployment slightly ahead of expectations.
2. CD ratio Management guides CD ratio to 90%-96% in FY26 and 85%-90% in FY27, with no regulatory compulsion.
3. Cost of funds Cost of funds down about 10-11 bps in the quarter, reflecting time deposit repricing lag.
4. Asset quality Asset quality pristine; agri provision of about 5 billion absorbed in December quarter.

Original filing on BSE

HDFC Bank Limited Q1 FY27 results

As filed: Revenue ₹90,575 cr, EBITDA −₹15,342 cr, PAT ₹20,383 cr, EBITDA margin -16.9%.

Not scored. Bank result format: not scored yet.

Earlier results and the share price after them

• Q4 FY26: Revenue ₹87,183 cr, EBITDA −₹2,789 cr, PAT ₹20,351 cr, EBITDA margin -3.2%. Not scored. Bank result format: not scored yet. Share price after the results: −5.7% in 30 days (Nifty 500: +0.9%).
• Q3 FY26: Revenue ₹87,067 cr, EBITDA −₹12,899 cr, PAT ₹20,691 cr, EBITDA margin -14.8%. Not scored. Bank result format: not scored yet. Share price after the results: −1.1% in 30 days (Nifty 500: +1.2%).
• Q2 FY26: Revenue ₹86,994 cr, EBITDA −₹5,661 cr, PAT ₹19,611 cr, EBITDA margin -6.5%. Not scored. Bank result format: not scored yet. Share price after the results: +1.3% in 30 days (Nifty 500: +2.3%).
• Q1 FY26: Revenue ₹87,372 cr, EBITDA −₹24,833 cr, PAT ₹17,090 cr, EBITDA margin -28.4%. Not scored. Bank result format: not scored yet. Share price after the results: −0.1% in 30 days (Nifty 500: −2.6%).
• Q4 FY25: Revenue ₹86,779 cr, EBITDA −₹8,365 cr, PAT ₹18,835 cr, EBITDA margin -9.6%. Not scored. Bank result format: not scored yet. Share price after the results: +3.7% in 30 days (Nifty 500: +7.1%).
• Q3 FY25: Revenue ₹85,040 cr, EBITDA −₹3,181 cr, PAT ₹18,340 cr, EBITDA margin -3.7%. Not scored. Bank result format: not scored yet.
• Q2 FY25: Revenue ₹83,002 cr, EBITDA −₹15,288 cr, PAT ₹17,826 cr, EBITDA margin -18.4%. Not scored. Bank result format: not scored yet.

Past price moves after results do not indicate future moves. Not a recommendation.

HDFC Bank Limited earnings call, investor presentation and press release summaries

• Q1 FY27: Earnings call (18 Jul 2026)
• Q4 FY26: Earnings call (18 Apr 2026)
• Q3 FY26: Earnings call (17 Jan 2026), Results press release (17 Jan 2026)
• Q2 FY26: Earnings call (18 Oct 2025)
• Q1 FY26: Earnings call (19 Jul 2025), Results deck (19 Jul 2025)
• Q4 FY25: Earnings call (19 Apr 2025), Results deck (19 Apr 2025)
• Other events: Special call (19 Mar 2026)