HDFC Bank Q2 FY27: margins seen at bottom, Bagchi named new chief executive
HDFCBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.0 pts less than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Q2 FY27 earnings call: deposits up 18.8% year on year, assets up 15.3%, gross bad loans 1.11%, credit cost 44 basis points, ROA 1.8% and quarterly profit Rs 19.5 billion, up about 12.7% excluding trading gains. Management sees margins at a bottom, turning up from the next quarter as 70% of loans reprice after the October rate rise. Anup Bagchi succeeds Sashidhar Jagdishan as managing director and chief executive.
Margin recovery, strong asset quality and profit growth may support the stock. Leadership change and foreign currency deposit costs are watch points.