HDB FINANCIAL SERVICES LIMITED

About

HDB Financial Services Limited operates as a non-banking financial company that provides lending and business process outsourcing services in India. The company offers personal loans, salaried personal loans, business loans, micro lending loans, auto loans, two-wheeler loans, relationship personal loan, gold loans, loans against property, enterprise business loans, consumer durable loans, commercial vehicle loans, construction equipment loans, car loans, digital and lifestyle product loans, digital lending, tractor loans, and general and life insurance products. It also provides BPO services, including collection, back office, and sales support services. The company was incorporated in 2007 and is based in Mumbai, India. HDB Financial Services Limited operates as a subsidiary of HDFC Bank Limited.

Key Metrics

as of Sep 2026

Market Cap56,761 Cr

P/E26.10

Div Yield0.59 %

Book Value—

52w High₹801.00

52w Low₹555.00

Face Value₹10.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024
Expenses	2,075.00	1,997.00	2,058.00	2,017.00	1,942.00	1,858.00	1,809.00	1,561.00	1,560.00	1,368.00
Other Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	55.00	54.00	51.00	52.00	51.00	54.00	49.00	48.00	44.00	40.00
Interest	1,753.00	1,682.00	1,704.00	1,694.00	1,740.00	1,650.00	1,645.00	1,598.00	1,496.00	1,377.00
Profit before tax	1,055.00	1,011.00	860.00	782.00	732.00	704.00	641.00	799.00	784.00	882.00
Tax %	26.00	26.00	25.00	26.00	22.00	25.00	26.00	26.00	26.00	26.00
Net Profit	785.00	751.00	644.00	581.00	568.00	531.00	472.00	591.00	582.00	656.00
EPS in Rs	9.46	9.04	7.76	7.01	6.84	6.67	5.95	7.44	7.33	8.27

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Expenses	7,980.00	6,745.00	5,817.00	6,153.00	6,540.00	6,451.00
Other Income	1.00	0.00	1.00	1.00	0.00	-2.00
Interest	6,856.00	6,433.00	4,907.00	3,512.00	3,326.00	3,883.00
Depreciation	209.00	194.00	145.00	112.00	99.00	108.00
Profit before tax	3,386.00	2,928.00	3,305.00	2,627.00	1,348.00	501.00
Tax %	25.00	26.00	26.00	25.00	25.00	22.00
Net Profit	2,544.00	2,176.00	2,461.00	1,959.00	1,011.00	391.00
EPS in Rs	30.64	27.34	31.03	24.76	12.80	4.96
Dividend Payout %	13.00	11.00	10.00	8.00	8.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Equity Capital	830.00	796.00	793.00	791.00	790.00	789.00
Reserves	19,834.00	15,024.00	12,950.00	10,646.00	8,749.00	7,657.00
Other Liabilities	3,757.00	3,161.00	4,483.00	3,748.00	3,513.00	3,836.00
Total Liabilities	123,651.00	108,663.00	92,557.00	70,050.00	62,026.00	62,641.00
Fixed Assets	773.00	735.00	511.00	387.00	293.00	317.00
CWIP	0.00	0.00	0.00	0.00	0.00	0.00
Investments	3,748.00	2,060.00	3,380.00	1,243.00	2,234.00	1,593.00
Other Assets	119,130.00	105,868.00	88,665.00	68,420.00	59,500.00	60,731.00
Total Assets	123,651.00	108,663.00	92,557.00	70,050.00	62,026.00	62,641.00

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Cash from Operating Activity	-8,606.00	-13,626.00	-16,736.00	-6,851.00	1,987.00	-342.00
Cash from Investing Activity	-1,772.00	1,159.00	-2,146.00	973.00	-703.00	131.00
Cash from Financing Activity	10,673.00	12,770.00	19,134.00	5,796.00	-1,500.00	608.00
Net Cash Flow	296.00	303.00	252.00	-81.00	-216.00	398.00
Free Cash Flow	-8,747.00	-13,834.00	-16,858.00	-6,960.00	1,947.00	-366.00
CFO/OP %	-74.00	-135.00	-191.00	-99.00	42.00	-12.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025
Promoters	74.12	74.12	74.15	74.19
FIIs	3.55	3.01	3.32	3.17
DIIs	12.10	12.29	11.41	10.93
Public	10.00	10.35	10.90	11.48
No. of Shareholders	925,474	961,497	1,027,204	1,157,250