HDB Financial Services shares slip below IPO price: Here’s how NBFC firm performed in Q2 FY26

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.

The newly listed company posted a profit before tax (PBT) of ₹782 crore for the quarter, down from ₹799 crore a year earlier.

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.

Loan losses and provisions for the quarter stood at ₹748 crore, significantly higher than ₹431 crore a year ago.

For Q2 FY26, the NBFC reported a net interest margin (NIM) of 7.9% and an annualised return on average assets of 1.9%. Earnings per share (EPS) came in at ₹7, while the book value per share stood at ₹233 as of September 30, 2025.

For the half year ended September 30, 2025, profit after tax stood at ₹1,149 crore, slightly lower than ₹1,173 crore in the same period of the previous 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.

“The Board of Directors of the Company has declared an interim dividend of ₹2 (Rupees Two Only) per equity share (i.e., 20% on the face value of each equity share) for financial year 2025-26. The interim dividend shall be paid to the equity shareholders of the company whose names appear in the Register of Members/the list of beneficiary holders of the Depositories as of Friday, October 24, 2025, which is the Record Date fixed for the purpose,” the company said in an exchange filing.

Shares of the firm have slipped below their IPO price of ₹740 apiece. It was, however, listed at ₹835 per share. At 10:35 AM, shares of HDB Financial Services were seen at ₹737.75 apiece on NSE, falling 0.75%.

In the last five trading days, the stock has gained more than 4%, while for a month’s time, it has climbed 2.5%. The company’s market capitalisation stands at ₹61,147.36 crore.