HDB Financial Services gains on Q3 earnings jump

HDB Financial Services

16/01/2026 04:37

** HDB Financial Services Ltd HDBF.NS up 1.4% to 774.35 rupees on upbeat Q3 results

** Co, a unit of India's largest private lender HDFC Bank HDBK.NS, said profit jumped 36%, net interest income climbed 22.1%, assets under management up 12%

** AMBIT expects AUM growth to pick up to 16%/17% Y/Y in FY27/28E and credit cost to reduce to 2%, resulting in 20% EPS CAGR (FY26-28E)

** Emkay downgrades stock to "reduce" from "buy"; trims PT to 750 rupees from 850 rupees

** Expects near-term downside risk if stress in the vehicle and unsecured segments persists

** Says, with growth and profitability not firing together, do not see any scope for a re-rating of the stock

** HDBF down 7.5% since its debut in July

 (Reporting by Brijesh Patel in Bengaluru)

 ((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))