HDB Financial Services Limited submitted revised audited standalone financial results for Q4 FY26 and year ended March 31, 2026, following the correction of a clerical error in the cash flow statement. The company filed the revision with stock exchanges on April 15, 2026, under Regulation 30 and 33 of SEBI Listing Regulations.

Cash Flow Statement Correction

The revision addressed an inadvertent clerical error in the "Components of cash and cash equivalents" section under the footnote to the Statement of Cash Flow for the previous year ended March 31, 2025. The correction specifically affected the demand drafts on hand figure and total cash equivalents.

Quarterly Financial Performance Confirmation

The revised results confirmed the company's strong Q4 FY26 performance with profit after tax of ₹7,506 million, representing a 41.40% increase from ₹5,309 million in Q4 FY25. Net interest income reached ₹23,988 million compared to ₹19,728 million in the corresponding quarter, marking 21.60% growth.

Annual Results and Asset Quality

For the full financial year FY26, the company achieved profit after tax of ₹25,438 million, representing 16.90% growth from ₹21,759 million in FY25. Asset under management expanded to ₹11,46,895 million as of March 31, 2026, compared to ₹10,33,430 million in the previous year, reflecting 11.00% growth.

Regulatory Compliance and Board Actions

The company confirmed that except for the cash flow correction, there were no other changes in the audited standalone financial results and audit report. The Board of Directors had earlier recommended a final dividend of ₹2 per equity share of face value ₹10 each for FY26, subject to shareholder approval at the Annual General Meeting.

Operational Metrics and Business Profile

The company maintained its position as a non-deposit taking NBFC categorized as Upper Layer by RBI, operating through 1,730 branches across 1,161 cities and towns. Net Interest Margin stood at 8.20% in Q4 FY26, while Return on Average Assets reached 2.50% on an annualized basis, confirming strong operational efficiency.

Source: None/Company/INE756I01012/483e4bb5-c16b-4422-a54e-ee2ef696d941.pdf

HDB Financial Services Limited has submitted its monitoring agency report for the quarter ended March 31, 2026, regarding the utilization of proceeds from its initial public offering (IPO). The report was filed with the National Stock Exchange of India Limited and BSE Limited under SEBI Regulation 32(6) and SEBI ICDR Regulations 41(4).

IPO Details and Structure

The company's IPO was conducted from June 27, 2025, to June 29, 2025, raising a total of ₹12,500 crore. The issue comprised a fresh issue of ₹2,500 crore and an offer for sale of ₹10,000 crore by the promoter HDFC Bank Limited.

Monitoring Agency Report Findings

CARE Ratings Limited, serving as the monitoring agency, reported no material deviation from the objects stated in the offer document. The report indicates that all IPO proceeds have been utilized according to the disclosed purposes, with only minor adjustments in allocation.

Proceeds Utilization Status

Key Observations and Compliance

The monitoring agency noted a reallocation of ₹2 crore from Tier-I capital augmentation to issue-related expenses, which falls within the acceptable deviation range of up to 10%. This adjustment was approved by the board of directors in their meeting dated January 14, 2026, to cover additional estimated expenses including bank charges.

The company has successfully utilized ₹2,456.62 crore towards augmenting its Tier-I capital base to meet future capital requirements for onward lending across its business verticals, including Enterprise Lending, Asset Finance, and Consumer Finance. The total utilization, including ₹4.60 crore interest accrued on fixed deposits, amounts to ₹2,461.22 crore.

Unutilized Proceeds Management

The remaining ₹6.27 crore is held in escrow accounts with HDFC Bank against offer expenses that are yet to be utilized. These funds are maintained in the public issue account and will be deployed for reimbursement of issue-related expenses as they are incurred and certified by independent chartered accountants.

Market Performance Note

The monitoring agency report also mentioned that the company's share price has declined by approximately 17% from the issue price as of April 10, 2026. However, this market movement does not affect the viability of the stated objects for which the funds were raised.

The report was signed by Dipti Jayesh Khandelwal, Company Secretary and Compliance Officer, and Shaik Saleem, Associate Director at CARE Ratings Limited, confirming compliance with all regulatory requirements for IPO proceeds monitoring.