HDB Financial Services raises ₹250 crore via NCDs; shares down 1.5%; all you need to know

“The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited,” the NBFC firm said in a regulatory filing.

HDB Financial Services has allotted NCDs with a tenure of 1,806 days. The date of allotment is Friday, October 24, 2025, and the debentures will mature on October 4, 2030. It has a coupon rate of 7.3268%.

The payment schedule for coupon/interest and principal is set for October 23, 2026; October 23, 2027; October 23, 2028; October 23, 2029; and on maturity, October 4, 2030.

Following the development, HDB Financial shares were trading at ₹733.85 apiece on NSE, falling 1.09%. The stock has tumbled 1.5% to an intraday low of ₹732 per share.

HDB Financial Q2 earnings

The company’s net profit for the quarter ended September 30, 2025, stood at ₹581 crore, down 1.69% from the ₹591 crore reported in the same quarter last year. Its revenue for the period increased 6.19% year-on-year (YoY) to ₹6,083 crore, compared with ₹5,728 crore recorded in the corresponding quarter of the previous year.

In Q2 FY26, HDB Financial Services reported an EBITDA of ₹1,157 crore, up 2.4% from ₹1,129 crore in the same period last year. However, the EBITDA margin moderated slightly to 19.02% from 19.71% in Q2 FY25.

As of September 30, 2025, the firm’s assets under management (AUM) stood at ₹111,721 crore, reflecting a 12.8% year-on-year increase from ₹99,076 crore. Total gross loans grew 13% YoY to ₹111,409 crore, compared with ₹98,624 crore in the corresponding period last year.

HDB Financial Services’ net interest income (NII) rose 19.6% year-on-year to ₹2,192 crore from ₹1,833 crore. Net total income increased 18.4% to ₹2,851 crore, while pre-provisioning operating profit grew 24.4% to ₹1,530 crore, up from ₹1,230 crore in the same period last year.

The board of directors of the HDFC Bank arm had also approved an interim dividend of ₹2 per share for FY26, payable to shareholders on record as of October 24, 2025.