HDB Financial Services Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
HDBFS · price
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HDB Financial Services, a non-banking financial company (NBFC) that recently listed on the stock exchanges on July 2, 2025 following its IPO, has submitted its first quarterly results as a listed company. Total revenue from operations grew about 15% year-on-year to Rs. 44,654 million, driven by interest income of Rs. 38,315 million. Net profit for the quarter stood at Rs. 5,677 million, slightly down from Rs. 5,817 million in the same quarter last year, as higher impairment provisions on financial instruments (Rs. 6,697 million, up 62% YoY) and a worsening gross Stage 3 (NPA) ratio of 2.56% (vs 1.93% a year ago) put pressure on margins. The IPO proceeds lifted net worth to Rs. 1,77,659 million and improved the debt-equity ratio to 5.15x from 5.85x, while capital adequacy strengthened to 20.18%. Joint statutory auditors G D Apte & Co and Kalyaniwalla & Mistry LLP issued an unmodified opinion on the limited review.
The marginal profit dip and rising NPAs are mild negatives, but the post-IPO boost to net worth, lower leverage, and steady capital adequacy provide a strong cushion for growth. Investors should monitor asset quality trends and provisioning levels in coming quarters.