HDB Financial shares in focus as Q1 profit jumps 38% on strong NII growth. What are Nomura, Motilal Oswal saying?

HDB Financial Services reported a 38% year-on-year jump in Q1 FY27 profit after tax at Rs 785 crore, supported by a 20% rise in net interest income to Rs 2,509 crore and 17% growth in net total income to Rs 3,185 crore. Pre-provisioning operating profit climbed 25% to Rs 1,752 crore, while profit before tax rose 44% to Rs 1,055 crore. Assets under management stood at Rs 1.22 lakh crore, up 11% YoY. Motilal Oswal retained a Neutral rating with a target of Rs 810, while Nomura reiterated Neutral with a target of Rs 790, citing steady but not standout performance.