HDB Financial Shares Dip Amid Profit Decline Despite Income Growth
HDB Financial Services' shares fell over 3% following a slight dip in net profit for the first quarter, despite a rise in both total and net interest income. The firm remains a prominent player in the financial sector under HDFC Bank, classified as an upper-layer NBFC.
- Country:
- India
Shares of HDB Financial Services saw a decline of over 3% on Wednesday after the financial firm reported a 2.4% decrease in net profit to Rs 568 crore for the financial year's first quarter. The stock ended 3.13% lower at Rs 814.75 on BSE, hitting Rs 810 at one point.
On the National Stock Exchange (NSE), shares fell 2.99%, closing at Rs 816.05. Despite this, the company reported a growth in net total income to Rs 2,726 crore as of June 30, 2025, a jump of 14.2% from the previous year.
The asset under management (AUM) grew by 14.7% to Rs 1,09,690 crore. Meanwhile, net interest income increased by 18.3% to Rs 2,092 crore. HDB Financial Services, a subsidiary of HDFC Bank established in 2007, remains classified as an upper-layer NBFC by the Reserve Bank.
(With inputs from agencies.)
ALSO READ
Truckers go on strike against e-challans in Maharashtra; 'mixed response', says transporters' body
Nifty, Sensex opened with gains on Trump's trade deal optimism, Q1 results in July to drive market further
Govt Launches Regional Employment Drive to Cut Jobseeker Numbers by 50,000
Soccer-Porto parting ways with manager Anselmi after early Club World Cup exit
AI emerges as new backbone of global crisis response
Google News