HDB Financial sees 20% rise in NII despite 2% profit dip in Q2
HDB Financial Services reported a 2% drop in net profit to ₹581 crore in Q2, but its Net Interest Income (NII) rose 20% year-on-year. The divergence points to pressures in non-interest income or elevated provisioning. The company also flagged slight deterioration in asset quality, though its capital cushion remains intact. Analysts said the results reflect the broader stress in NBFCs’ fee and trading businesses. The banking environment—rate volatility, credit costs—will be central for HDB’s H2 guidance.
neutral
1 day ago
HDB Financial sees 20% rise in NII despite 2% profit dip in Q2
HDB Financial Services reported a 2% drop in net profit to ₹581 crore in Q2, but its Net Interest Income (NII) rose 20% year-on-year. The divergence points to pressures in non-interest income or elevated provisioning. The company also flagged slight deterioration in asset quality, though its capital cushion remains intact. Analysts said the results reflect the broader stress in NBFCs’ fee and trading businesses. The banking environment—rate volatility, credit costs—will be central for HDB’s H2 guidance.
neutral
HDB Financial sees 20% rise in NII despite 2% profit dip in Q2
1 day ago
1 min read
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HDB Q2 profit falls 2% even as NII jumps 20%; asset quality under watch.
HDB Financial Services reported a 2% drop in net profit to ₹581 crore in Q2, but its Net Interest Income (NII) rose 20% year-on-year. The divergence points to pressures in non-interest income or elevated provisioning. The company also flagged slight deterioration in asset quality, though its capital cushion remains intact. Analysts said the results reflect the broader stress in NBFCs’ fee and trading businesses. The banking environment—rate volatility, credit costs—will be central for HDB’s H2 guidance.
HDB Financial Services reported a 2% drop in net profit to ₹581 crore in Q2, but its Net Interest Income (NII) rose 20% year-on-year. The divergence points to pressures in non-interest income or elevated provisioning. The company also flagged slight deterioration in asset quality, though its capital cushion remains intact. Analysts said the results reflect the broader stress in NBFCs’ fee and trading businesses. The banking environment—rate volatility, credit costs—will be central for HDB’s H2 guidance.