HDB Financial Services Limited — Investor Meet, 18-10-2025: Analysts/Institutional Investor Meet/Con. Call Updates

HDB Financial Services reported Q2FY26 PAT of ₹581 Cr. Gross Loan Book grew 13% YoY to ₹111,409 Cr. NIMs improved to 7.9% and cost-to-income hit 40.7%. Challenges in Commercial Vehicles (CV) due to monsoon impacted Gross Stage 3 at 2.81%. Gold loans saw good traction. Management anticipates strong growth in Consumer Finance and other segments with the festive season and GST cuts. They target 18-20% CAGR book growth long-term and aim for credit costs around 2.2%, expressing confidence in future momentum.