HDB Financial Services Limited — Investor Meet, 20-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

HDB Financial Services reported strong Q3FY26 financial results for the quarter and nine-months. Disbursements reached an all-time high of ₹17,917 Cr, marking a 14.9% sequential growth and expanding the total loan book by 2.8% QoQ to ₹1,14,577 Cr. Net Interest Margin (NIM) improved to 8.09%. Profit After Tax (PAT) stood at ₹644 Cr, or ₹686 Cr excluding a one-time provision for new labor codes.

Management highlighted improving asset quality across early buckets and stabilizing unsecured portfolios, with strong growth in consumer finance and gold loans. The company expects sustained momentum, targeting book growth of nominal GDP + 6-7%. There is continued focus on technology investments and cost efficiency, with a positive outlook towards reducing credit costs in the long term.