India's HDB Financial posts drop in profit on higher provisions for bad loans

HDB Financial Services

15/10/2025 12:34

BENGALURU, Oct 15 (Reuters) - India's HDB Financial Services HDBF.NS posted a near 2% drop in second-quarter profit on Wednesday, hurt by higher loan losses and provisions.

Net profit fell to 5.81 billion rupees ($66 million) for the quarter ended September 30 from 5.91 billion rupees a year earlier.

Loan losses and provisions rose 74% to 7.48 billion rupees.

($1 = 88.0260 Indian rupees)

 (Reporting by Nishit Navin; Editing by Mrigank Dhaniwala; Editing by Mrigank Dhaniwala)

 ((Nishit.Navin@thomsonreuters.com;))