What was HDB Financial Services's revenue in Q4 FY26?

HDB Financial Services reported revenue of — in Q4 FY26, a — change year-over-year.

Did HDB Financial Services management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

HDB Financial Services Q4 FY26 Research Workspace: Revenue — (—)

Q: What guidance did HDB Financial Services management give?

Medium-term AUM growth of nominal GDP +6-7%: Management targets AUM growth at nominal GDP plus 6-7% over the medium term, with disbursement momentum as the leading indicator.

Revenue —

EBITDA —

PAT ₹751 Cr

EBITDA Margin —

Duration 65 min

Read Time 1 min read

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2-Minute Summary

✦ AI-Generated from Full Transcript

HDB Financial Services delivered a strong Q4 FY26, with PAT at ₹751 crore (up 16.6% QoQ) and gross NPA improving to 2.44% from 2.81% in Q3. Disbursements hit an all-time high of ₹19,922 crore, up 11.2% QoQ, driven by enterprise lending (28% QoQ growth) and gold loan (587.8% QoQ). NIM expanded to 8.23% (vs 8.09% QoQ) as management held yields and optimized borrowing costs. Asset quality improved across segments, with credit cost moderating to 2.35%. Management targets medium-term AUM growth of nominal GDP +6-7%, with disbursement momentum expected to translate into book growth. Key risk: West Asia conflict and potential supply chain disruptions could impact CV and MSME segments, though no material impact seen yet.

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West Asia conflict impact on CV and MSME

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Quarter Snapshot

Customer Franchise 22.9M

+19.7% YoY

Customer base expanded to 22.9 million, up 4.3% sequentially and 19.7% YoY.

Gross Loan Book ₹1,18,493 Cr

+10.9% YoY

Gross loan book grew 3.4% QoQ and 10.9% YoY, with secured loans at 74%.

Disbursements (Q4) ₹19,922 Cr

+11.2% QoQ

Highest quarterly disbursement ever, driven by enterprise lending and gold loan growth.

Gross NPA (Stage 3) 2.44%

-37bps QoQ

Gross NPA improved from 2.81% in Q3 to 2.44%, with improvement across all products.

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Guidance and risk preview

Top guidance Medium-term AUM growth of nominal GDP +6-7%

Management targets AUM growth at nominal GDP plus 6-7% over the medium term, with disbursement momentum as the leading indicator.

Top risk West Asia conflict impact on CV and MSME

The ongoing West Asia conflict could disrupt supply chains and impact commercial vehicle and MSME customers, though no material impact seen yet.