India · Delayed Price · Currency is INR HDB Financial Services Earnings Call Transcripts
Fiscal Year 2026
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Q4 FY26 delivered record disbursements, strong loan growth, and improved asset quality, with technology and AI investments enhancing efficiency. Guidance remains for 6%-7% medium-term growth, stable margins above 8%, and continued focus on risk-adjusted expansion.
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Q3 FY26 saw record disbursements, strong NIM, and robust PAT growth, with consumer finance leading segment gains. Asset quality improved, cost ratios declined, and management remains confident in sustaining growth and margins despite regulatory and competitive headwinds.
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Loan book grew 13% YoY to INR 111,409 crore, with NIM at 7.9% and PAT at INR 581 crore. Asset quality was impacted by monsoon-related disruptions in commercial vehicles, raising gross stage three assets to 2.81%. Management expects growth momentum and credit cost normalization in coming quarters.
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Gross loan book grew 14.3% year-on-year to INR 109,342 crore, with net interest income up 18.3% and NIM at 7.7%. Asset quality saw some seasonal stress, especially in commercial vehicles, but management expects stabilization and improved profitability as rate cuts flow through.