HDB Financial Services Limited has submitted its quarterly compliance filing to stock exchanges, confirming adherence to its stated IPO fund utilization plans for the quarter ended December 31, 2025. The filing, submitted under Regulation 32 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, demonstrates the company's commitment to transparent fund management practices.

IPO Details and Listing Information

The company successfully raised funds through its Initial Public Offering and commenced trading on major Indian stock exchanges in 2025. The equity shares were listed on both National Stock Exchange of India Limited and BSE Limited with effect from July 2, 2025.

Compliance and Fund Utilization Status

The quarterly statement filed by Company Secretary and Compliance Officer Dipti Jayesh Khandelwal confirms complete adherence to the original fund utilization plan. The company reported no deviation or variation in the use of funds raised through the public issue for the reporting quarter.

Regulatory Oversight and Monitoring

CARE Ratings Limited continues to serve as the monitoring agency for the IPO proceeds utilization, ensuring proper oversight of fund deployment. The regulatory framework requires listed companies to file quarterly statements confirming adherence to their stated fund utilization objectives, promoting transparency and accountability in capital market operations.

Corporate Governance Framework

The filing demonstrates HDB Financial Services' commitment to maintaining high standards of corporate governance and regulatory compliance. The company's audit committee and external auditors have both reviewed the fund utilization and provided nil comments, indicating satisfactory adherence to the planned fund deployment strategy.

The statement confirms that there were no changes in the terms of contracts or objects for which funds were raised, and no shareholder approval was required for any modifications during the quarter ended December 31, 2025.

HDB Financial Services reported strong financial results for the third quarter, demonstrating robust growth across key performance metrics. The leading non-banking financial company delivered impressive year-on-year improvements in profitability and operational efficiency during the December quarter, with net profit surging 36.3% to ₹644.00 crore compared to ₹472.00 crore in the corresponding quarter last year.

Financial Performance Highlights

The company's financial performance for Q3 showed significant improvement across all major parameters:

Net interest income emerged as a key growth driver, rising 22.10% year-on-year to ₹2,285.00 crore from ₹1,872.00 crore in the same period last year. The strong performance contributed significantly to overall revenue growth, lifting net total income to ₹2,970.00 crore, representing an 18.80% increase from the previous year.

Asset Growth and Loan Portfolio Expansion

The NBFC demonstrated strong business expansion with assets under management growing 12.00% to ₹1,14,853.00 crore from ₹1,02,514.00 crore in the year-ago quarter. Total gross loans for the quarter stood at ₹1,14,577.00 crore, up from ₹1,02,097.00 crore a year earlier, registering growth of 12.20%.

The consistent growth in loan portfolio reflects the company's effective business expansion strategies and ability to capitalize on market opportunities while maintaining operational discipline in the competitive NBFC sector.

Asset Quality and Provisions

Asset quality metrics showed some pressure during the quarter. Gross stage 3 loans increased to 2.81% as of December 31 compared with 2.25% a year earlier, while net stage 3 loans stood at 1.25% versus 0.90% in the corresponding quarter last year. Provision coverage on stage 3 assets was maintained at 55.59%, compared with 60.02% in the year-ago quarter.

Employee benefit expense during the quarter included a provision of ₹61.00 crore on account of new labour codes, of which ₹56.00 crore related to the lending business. Loan losses and provisions stood at ₹712.00 crore, up 12.00% from ₹636.00 crore in the corresponding quarter last year.

Nine-Month Performance

For the nine months ended December 31, profit after tax stood at ₹1,793.00 crore compared with ₹1,645.00 crore in the corresponding period of the previous year, reflecting growth of 9.00%. The sustained performance demonstrates the company's ability to maintain growth momentum throughout the fiscal year while managing operational challenges effectively.

Earnings Call Audio Recording Available

HDB Financial Services Limited has made the audio recording of its earnings call with analysts and investors available on its website. The earnings call, held on January 14, 2026, discussed the unaudited standalone financial results for the quarter and nine months ended December 31, 2025. The recording can be accessed at the company's investor relations section on its website, as communicated to stock exchanges under Regulation 30 and 46 of SEBI listing regulations.