Particle.news
Download on the App Store
53 ARTICLES
·
2w ago

HDFC Bank Group Posts Q1 Profit Growth; Board Set to Consider Bonus Shares and Special Dividend

HDFC Bank will meet on July 19 to decide on capital returns after robust Q1 profit growth across its subsidiaries.

Tech Mahindra logo is seen on its office building in Noida on the outskirts of New Delhi, India March 7, 2019. Picture taken March 7, 2019. REUTERS/Adnan Abidi/File Photo
Image
Image
Image

Overview

  • HDFC Life recorded Rs 546.4 crore net profit in Q1 FY26, up 14.4% year-on-year, and its value of new business climbed 12.7% to Rs 809 crore
  • ICICI Prudential Life delivered a 34% jump in Q1 net profit to Rs 302.08 crore, boosted by lower new business strain and higher investment income
  • HDB Financial Services posted a Rs 567.7 crore Q1 profit, down 2.4% year-on-year despite 14.99% revenue growth and an 18.3% rise in net interest income
  • HDFC Bank reiterated its aim to match industry-wide advance growth in FY26 and exceed it in FY27 while maintaining asset quality
  • The board will review its first bonus share proposal alongside a special interim dividend when it approves Q1 results on July 19