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HDFC Bank Q2 Results: Net profit rises 5% to ₹19,510 crore, NII jumps 10% in last quarter under outgoing CEO Jagdishan

HDFC Bank Q2 net profit rose 5% to ₹19,610 crore with NII up 10%.

Context

What happened: HDFC Bank reported a 5.2% year-on-year rise in standalone net profit to ₹19,609.96 crore for Q2 FY27, with net interest income up 9.72% to ₹34,619.18 crore. Key numbers: Net profit ₹19,609.96 crore, up 5.2% YoY from ₹18,641.28 crore; up 2.83% sequentially from ₹19,069.72 crore. NII ₹34,619.18 crore versus ₹31,551.50 crore. Why it matters: The quarter is expected to be the final earnings report under MD and CEO Sashidhar Jagdishan, whose tenure ends October 26, with Anup Bagchi set to replace him. The bank also reported an improvement in its gross non-performing asset ratio.

What changed

HDFC Bank reported a 5.2% year-on-year rise in standalone net profit to ₹19,609.96 crore for Q2 FY27, with net interest income up 9.72% to ₹34,619.18 crore.

Why it matters

The quarter is expected to be the final earnings report under MD and CEO Sashidhar Jagdishan, whose tenure ends October 26, with Anup Bagchi set to replace him. The bank also reported an improvement in its gross non-performing asset ratio.

Sources

mint