HDB Financial Services reported a standalone net profit of ₹7.8 billion (₹780 crore) for Q2FY27, marking a 34% increase from ₹5.81 billion in the corresponding period last year. However, the figure missed the analyst estimate of ₹8.13 billion.

Revenue from operations stood at ₹50 billion (₹5,000 crore), up from ₹45.45 billion YoY. The company also declared an interim dividend of ₹2.00 per equity share, representing a 20% return on face value.

Asset quality metrics

Asset quality indicators showed a marginal deterioration in the quarter. Gross Non-Performing Assets (GNPA) rose to 2.43% in Q2FY27 from 2.34% in the previous quarter. Net Non-Performing Assets (NNPA) increased to 1.09% from 1.04% QoQ.

Dividend and record date

The board fixed October 23, 2026 as the record date. Shareholders whose names appear in the register of members or depository beneficiary lists on this date will be eligible for the dividend payment.

Leadership changes

The board approved the appointment of Vinod Koyande as Company Secretary and Compliance Officer. He will assume the role on October 31, 2026, succeeding Dipti Khandelwal. This decision follows the recommendation of the Nomination & Remuneration Committee.

Koyande joins Ramesh Ganesan, Managing Director and CEO, and Jaykumar Pravinchandra Shah, Chief Financial Officer, as key managerial personnel authorized for materiality determinations and exchange disclosures.

Regulatory filings and compliance

The company submitted its unaudited financial results for Q2FY27 and H1FY27 to stock exchanges. These results received an unmodified opinion from joint statutory auditors in their limited review report.

Additionally, HDB Financial Services filed its investor presentation for the Q2FY27 earnings call held on October 14, 2026, with both NSE and BSE. This presentation detailed the unaudited financial results for the quarter and half year ended September 30, 2026.

Other documents filed include:

• Disclosures under Regulation 52(4) of SEBI Listing Regulations.
• Security cover certificate pursuant to Regulation 54(3).
• Statements of utilization of issue proceeds and deviations under Regulation 52(7).
• Statement of deviations regarding public issues under Regulation 32(1).

The board meeting commenced at 10:40 am and concluded at 3:45 pm on October 14, 2026.

HDB Financial Services announced that Dipti Jayesh Khandelwal, its Company Secretary and Head Legal, has tendered her resignation. The decision was communicated on September 29, 2026, with the cessation of her duties scheduled for the close of business hours on October 30, 2026.

Khandelwal held multiple critical roles within the NBFC, serving as Key Managerial Personnel (KMP), Compliance Officer, and Nodal Officer. In her resignation letter addressed to Managing Director and CEO Ramesh Ganesan, she cited a desire to pursue career opportunities outside the company as the sole reason for her departure. She confirmed there were no other factors influencing her exit.

Transition and Acknowledgement

The company expressed sincere appreciation for Khandelwal’s diligent services during her tenure. She committed to ensuring a smooth transition by completing pending responsibilities and assisting in handing over duties or training a replacement if required. The resignation letter explicitly stated that her time at HDB Financial Services was professionally rewarding and personally fulfilling.

Regulatory Disclosure Details

The disclosure was made under Regulation 30 read with Points 7 and 7C of Paragraph A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/ I/3762/2026 dated January 30, 2026.

This leadership change marks a shift in the compliance and legal oversight structure of the subsidiary of Housing Development Finance Corporation (HDFC). The company has not yet disclosed details regarding her successor or interim arrangements for the Compliance Officer role.