HDFC Bank Shares Decline Over 2 Percent Post Q2 FY27 Earnings Announcement

HDFC Bank shares fell 2 percent in early trading on Monday, October 19, making the bank one of the top losers on the Nifty 50 after the private sector lender released its second quarter (Q2) FY27 earnings. In the morning trading session, HDFC Bank stock declined to Rs. 714, bringing its year to date drop to 27.9 percent, compared to an 11.5 percent fall in the Nifty 50.

Approximately Rs. 11.02 lakh crore was the market capitalization of the bank. Amid a broader decline in banking stocks, the Bank Nifty dropped 0.5 percent. The Nifty 50 was down 26.70 points or 0.12 percent, to 23,119.45 while the Sensex was down 100.5 points or 0.13 percent, at 74,628.62, at 9:25 am.

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HDFC Bank’s standalone net profit increased by 4.7 percent year over year in the September quarter to Rs. 19,510 crore, which was largely in line with market predictions. Rs. 34,619 crore was the rise in net interest income (NII), which increased by 9.7 percent.

The bank’s gross advances rose by 16.3 percent year over year. Meanwhile, its gross non-performing asset (GNPA) ratio improved both year over year and sequentially, falling to 1.11 percent from 1.24 percent a year ago and 1.17 percent in the previous quarter. Provisions increased sequentially by 18.7 percent to Rs. 3,574 crore.

(Disclaimer: Given the input is on an information basis, please seek professional advice.)