HDB Financial Services Raises Rs. 200 Crore Through NCD Issuance
HDB Financial Services has successfully raised Rs. 200 crore by issuing 20,000 Non-Convertible Debentures (NCDs) via private placement. The NCDs have a face value of Rs. 1,00,000 each, a tenure of 1,135 days, and a coupon rate of 7.18% per annum. The maturity date is set for September 22, 2028, with annual coupon payments. The NCDs are secured by hypothecation of the company's receivables and will be listed on the Wholesale Debt Market Segment of BSE Limited.
HDB Financial Services has successfully raised Rs. 500 crore through a private placement of Non-Convertible Debentures (NCDs). The issuance, approved on August 7, 2025, comprises 50,000 NCDs with a face value of Rs. 1 lakh each. The NCDs have a tenure of 881 days, maturing on January 5, 2028, with a coupon rate of 7.9611% per annum. The debentures are secured by a first and exclusive charge over the company's present and future receivables, maintaining a minimum asset cover of 1.0 times. The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
30Jul 25
HDB Financial Services: Lock-in Expiry Looms as Q3 Results Show Mixed Performance
HDB Financial Services, a subsidiary of HDFC Bank, is approaching a significant market event as the lock-in period for 3% of its shares (23 million) expires. The stock currently trades at Rs 745.05, 0.60% above its issue price but 10% below its listing price. Q3 FY2024 results show a 2% YoY decrease in net profit to Rs 568.00 crore, while net interest income grew 18% to Rs 2,092.00 crore, driven by strong advances growth.
22Jul 25
HDB Financial Services Reports Mixed Q1 Results with Rising Credit Costs and Slower Disbursements
HDB Financial Services reported mixed Q1 results with total gross loans at ₹1.09 lakh crores, up 14.30% YoY. Net interest income rose 6.00% QoQ to ₹2,092 crores, with NIM expanding to 7.70%. Profit after tax reached ₹568 crores. However, the company faced asset quality challenges with Gross Stage 3 assets increasing to 2.56% and credit costs rising to ₹670 crores. Disbursements declined 14.00% sequentially to ₹15,171 crores. The loan book remains diversified across Enterprise Lending, Asset Finance, and Consumer Finance segments.
HDB Financial Services, a subsidiary of HDFC Bank, reported mixed Q1 results. Total gross loans increased by 14.30% YoY to ₹1,09,342.00 crore, and AUM rose 15% YoY to ₹1,09,690.00 crore. Net profit declined slightly by 2% YoY to ₹568.00 crore. Net interest income grew 18% YoY to ₹2,092.00 crore, with NIM improving to 7.70%. Gross stage 3 loans increased to 2.56% from 1.93% YoY. The company maintained a strong capital adequacy ratio of 20.18% and expanded its customer base by 20.40% YoY to 20.1 million. Despite weak Q1 results, analysts from Emkay Global and InCred Equities maintain a positive outlook, projecting up to a 10% increase in stock price.
HDB Financial Services, a subsidiary of HDFC Bank, reported a 14.7% year-over-year growth in Assets Under Management (AUM) to ₹1.10 trillion for Q1 ended June 30. Total gross loans increased by 14.3% to ₹1,09,342.00 crore. Net interest income rose 18.3% to ₹2,092.00 crore. However, profit after tax decreased marginally by 2.4% to ₹568.00 crore. Gross Stage 3 loans increased to 2.56% from 1.93% year-ago. The company maintained a strong capital position with a Capital Adequacy Ratio of 20.18%. Its distribution network expanded to 1,771 branches across 1,166 cities, with the customer base growing by 20.4% year-over-year to 20.1 million.
15Jul 25
HDB Financial Services Reports 2.4% Dip in Q1 Profit and Increase in Gross Stage 3 Loans
HDB Financial Services, HDFC Bank's NBFC subsidiary, reported a 2.4% year-on-year decline in Q1 net profit to Rs 568.00 crore. However, net interest income increased by 18% to Rs 2,092.00 crore, and total income rose 15% to Rs 4,465.00 crore. The company's Gross Stage 3 loans increased to 2.56% from 2.26% in the previous quarter. This marks the company's first quarterly results since its successful IPO, which was oversubscribed 17.65 times. Emkay Global has initiated coverage with a 'Buy' rating and a target price of Rs 900.00.